Our Real Talk team hosts a far-ranging discussion that touches on the annual real estate activity cycle, the comfort of predictable results, the drop in foreign investment in U.S. homes, and how July stats stack up against the previous year.

Come to learn why Baker County broke a record for their average sale price and stick around to learn about the RMLS Subscriber Satisfaction Survey and the upcoming Remine-focused Lunch & Learn. We look forward to you joining us!

Listen to Real Talk with RMLS – now on Spotify!

Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)

REAL TALK WITH RMLS – JULY 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,806 (-676)
• Active Listings: 8,338 (+464)
• Pending Sales: 3,672 (-96)
• Closed Sales: 3,114 (-346)
• Inventory: 2.7 (+0.4)
• TMT: 37 (-5)
• Avg Sale Price: $560,900 (+$700)
• Median Sale Price: $495,000 (-$4,900)

WASHINGTON

• New Listings: 969 (-151)
• Active Listings: 1,543 (+59)
• Pending Sales: 843 (+42)
• Closed Sales: 696 (+20)
• Inventory 2.2 (+0.3)
• TMT: 38 (+2)
• Avg Sale Price: $571,800 (-$17,200)
• Med Sale Price: $531,900 (+$1,900)

 SPIKES

• Baker
  • Days on Market spiked upward from 95 in June to 197 in July 2023
• North Coastal
  • Days on Market spiked downward from 62 in June to 31 in July 2023

STREAKS

• Coos County
  • Active Counts are on a 4-month upward streak, reaching 301 in July 2023
  • Days On Market are on a 4-month downward streak, hitting 43 in July 2023
• Curry County
  • Active Counts are on a 6-month upward streak, reaching 214 in July 2023
• Douglas County
  • Active Counts are on a 4-month upward streak, hitting 362 in July 2023
  • Pending Counts are on a 5-month upward streak, reaching 156 in July 2023
• Lane county
  • Active Counts are on a 5-month upward streak, hitting 648 in July 2023
• Mid-Columbia
  • Active Counts are on a 5-month upward streak, reaching 272 in July 2023
• North Coastal
  • Active Counts are on a 5-month upward streak, hitting 588 in July 2023
• Portland Metro
  • Active Counts are on a 5-month upward streak, reaching 4,550 in July 2023
• SW Washington
  • Active Counts are on a 4-month upward streak, hitting 1,054 in July 2023

 MILESTONES

• Columbia Basin
  • Active Counts are at the highest point (245) since September 2018
• Curry County
  • Active Counts are at the highest point (214) since December 2019
• Portland Metro
  • Days on Market stopped decreasing (33) for the first time since February 2023
• SW Washington
  • Days on Market stopped decreasing (34) for the first time since February 2023

RECORD BREAKERS

• Baker
  • Baker reached their all-time highest Average Sale Price of $820,400. This is due to a residential property selling for $7,400,000 in July.

NEW GROWTH

• Portland Metro: 317 (-4)
• SW Washington 105 (+3)
• Lane County: 22 (-1)

AFFORDABILITY

• Portland Metro: 84%
• SW Washington: 85%
• Lane County: 83%

Trends in Oregon and Washington heading in different directions? Portland Metro’s Average Sale Price back above $600,000 or the first time since August 2022? Affordability for Portland and SW Washington in the first quarter of 2023 both indicating that $114,434 can afford 89% of a monthly mortgage payment on a median priced home?

Yes, indeed. Give us a listen to learn about all that and more — more market stats and trends, more RMLS updates (including the lowdown on our new weekly highlights infographic available to our subscribers), and more statistical bliss — in just under 10 minutes.

Listen to Real Talk with RMLS – now on Spotify!

Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)

REAL TALK WITH RMLS – APRIL 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,232 (+75)
• Active Listings: 5,962 (+411)
• Pending Sales: 3,523 (+169)
• Closed Sales: 2,728 (-177)
• Inventory 2.2 (+0.3)
• TMT: 53 (-8)
• Avg Sale Price: $543,900 (+$18,700)
• Med Sale Price: $480,000 (+$5,000)

WASHINGTON

• New Listings: 781 (-106)
• Active Listings: 995 (-25)
• Pending Sales: 752 (+28)
• Closed Sales: 579 (-34)
• Inventory 1.7 (flat)
• TMT: 47 (-26)
• Avg Sale Price: $554,800 (+$19,300)
• Med Sale Price: $495,000 (+$5,000)

 SPIKES

• Curry County
  • New Listings increased from 40 in March 2023 to 59 in April 2023
• Union County
  • Pending Sales increased from 13 in March 2023 to 28 in April 2023
  • Total Market Time increased from 50 in March 2023 to 77 in April 2023
• Wallowa
  • Total Market Time increased 4 spots in March 2023 to 109 in April 2023
  • Average Sale Price increased from $299,000 in March 2023 to $499,500 in April 2023

STREAKS

• Columbia Basin
  • New Listings are on a 4-month increase, up to 118 in April 2023
• Grant County
  • Pending Sales are on a 4-month increase, up to 10 in April 2023
• Josephine County
  • Pending Sales are on a 4-month increase, up to 8 in April 2023
• SW Washington
  • Average Sold Price Change is on a 4-month increase, up to -0.2% in April 2023
• Wallowa County
  • New Listings are on a 4-month increase, up to 11 in April 2023

 MILESTONES

• Portland Metro
  • The Average Sale Price is back above $600,000 ($606,100 in April 2023) since falling below that line in August 2022.
• North Coastal
  • The Average Sale Price is at the highest point ($593,300 in April 2023) since July 2022.

NEW GROWTH

• Portland Metro: 318 (+26)
• SW Washington 91 (-15)
• Lane County: 15 (-1)

AFFORDABILITY

• In Lane County, a family earning the median income ($89,061 in 2023, per HUD) can afford 86% of a monthly mortgage payment on a median priced home (which was $423,200 in March).
• In Portland Metro, the median income of $114,434 in 2023 can afford 89% of a monthly mortgage payment on a median priced home ($525,000 in March).
• And in SW Washington, A family earning $114,434 in 2023 can afford 89% of a monthly mortgage payment on a median priced home ($525,900 in March).

How is the March market looking in comparison to February? Which trajectories have continued rising or falling? Where are the notable statistical spikes?

Join Beth and Terry to find out! We’ve got the the highlights and analysis of the most recent available market stats along with reminders about RMLS happenings.

Subscribe to Real Talk with RMLS – now on Spotify!

Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)

REAL TALK WITH RMLS – MARCH 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,157 (+1,215)
• Active Listings: 5,551 (+150)
• Pending Sales: 3,354 (+596)
• Closed Sales: 2,905 (+590)
• Inventory 1.9 (-0.4)
• TMT: 61 (-10)
• Avg Sale Price: $525,200 (+$10,200)
• Med Sale Price: $475,000 (+$10,000)

WASHINGTON

• New Listings: 887 (+299)
• Active Listings: 1,020 (+53)
• Pending Sales: 724 (+98)
• Closed Sales: 613 (+94)
• Inventory 1.7 (-0.2)
• TMT: 73 (flat)
• Avg Sale Price: $535,500 (+$12,700)
• Med Sale Price: $490,000 (+$100)

 SPIKES

• Baker County
  • Pending Sales increase: 9 in February 2023 to 22 in March 2023
• Columbia Basin
  • Closed Sales increase: 39 in February 2023 to 73 in March 2023
• Curry County
  • New Listings increase: 25 in February 2023 to 40 in March 2023
• Lane County
  • New Listings increase: 285 in February 2023 to 400 in March 2023
• Portland Metro
  • New Listings increase: 1,764 in February 2023 to 2,623 in March 2023
• SW Washington
  • New Listings increase: 461 in February 2023 to 701 in March 2023

STREAKS

• Coos County
  • Active Count 7-month decrease: Down to 171 in March 2023
• Polk and Marion
  • Active Count 4-month decrease: Down to 355 in March 2023
• SW Washington
  • Active Count 5-month decrease streak: Down to 681 in March 2023

 RECORD BREAKERS

• Wallowa
  • Tied with February 2017 for lowest all time closed sales: At 1 in March 2023
  • Lowest all time Average Total Market Time: At 4 days in March 2023

NEW GROWTH

• Portland Metro: 292 (+27)
• SW Washington 106 (-4)
• Lane County: 16 (-13)