We start off with a real estate-themed holiday song and things heat up from there. The holiday season has brought us our first gift and it’s what everyone wanted – more inventory!
The November stats show off a number of positive milestones with inventory highs not seen in 8 years in some cases. So, join us to see if the rest of the stats are delightful, frightful, or just plain insightful!
Listen to Real Talk with RMLS – now on Spotify.
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – NOVEMBER 2023 STATISTICAL HIGHLIGHTS
OREGON
- New Listings: 2,976 (-656)
- Active Listings: 8,450 (-395)
- Pending Sales: 2,373 (-412)
- Closed Sales: 2,289 (-458)
- Inventory: 3.7 (+0.5)
- TMT: 59 (+7)
- Avg Sale Price: $534,000 (+$1,700)
- Median Sale Price: $475,000 (No Change)
WASHINGTON
- New Listings: 616 (-171)
- Active Listings: 1,660 (-42)
- Pending Sales: 476 (-108)
- Closed Sales: 455 (-120)
- Inventory 3.7 (+0.7)
- TMT: 59 (+14)
- Avg Sale Price: $539,900 (-$11,900)
- Median Sale Price: $475,000 (-$15,000)
SPIKES
- Baker
- Total Market Time spiked upwards from 64 in October to 94 in November 2023.
- Grant
- Total Market Time spiked upwards from 63 in October to 144 in November 2023.
- Closed Sales spiked downward from 10 in October to 1 in November 2023.
STREAKS
- Curry
- New Listings are on a 6-month downward streak. Down to 29 in November 2023.
- Douglas
- Pending Listings are on a 4-month downward streak. Down to 87 in November 2023.
- Lane
- Pending Listings are on a 4-month downward streak. Down to 236 in November 2023.
- Total Market Time is on a 4-month upward streak. Up to 52 in November 2023.
- North Coastal
- New Listings are on a 6-month downward streak. Down to 104 in November 2023.
- Portland Metro
- Pending Listings are on a 6-month downward streak. Down to 1,441 in November 2023.
- SW Washington
- Active Inventory upward streak broken. Decreased for the first time since March 2023. At 1,213 in November 2023.
- New Listings are on a 5-month downward streak. Down to 455 in November 2023.
MILESTONES
- Coos
- Highest Inventory since July 2018. At 4.8 in November 2023.
- Curry
- Highest Inventory since May 2020. At 9.8 in November 2023.
- Grant
- Highest Inventory since December 2014. At 47.0 in November 2023.
- Lane
- Highest Inventory since January 2015. At 2.9 in November 2023.
- Mid-Columbia
- Highest Inventory since April 2020. At 4.8 in November 2023.
- Portland Metro
- Highest Inventory since February 2014. At 3.5 in November 2023.
- SW Washington
- Highest Inventory since February 2015. At 3.7 in November 2023.
NEW GROWTH
- Portland Metro: 366 (-3)
- SW Washington: 124 (+3)
- Lane County: 33 (-1)