What do we like? More inventory! When do we want it? Now! Well, November has you covered for inventory increases. The rest of the numbers? You’ll have to tune in to see. We pick apart the stats and market details that make an agent’s life easier, all in about 10 minutes.

Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts! 

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

REAL TALK WITH RMLS – NOVEMBER 2022 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 2,808 (-1,202)
• Active Listings: 7,602 (-636)
• Closed Sales: 2,633 (-602)
• Inventory 2.9 (+0.4)
• TMT: 45 (+6)
• Avg Sale Price: $531,800 (-$1,500)
• Med Sale Price: $475,000 (-$10,000)

WASHINGTON

• New Listings: 608 (-199)
• Active Listings: 1,504 (-183)
• Closed Sales: 586 (-86)
• Inventory 2.6 (+0.1)
• TMT: 48 (+4)
• Avg Sale Price: $548,200 (+$12,600)
• Med Sale Price: $490,000 (-$9,900)

SPIKES

• Curry County
  • The Average Sale Price jumped from $425,200 in October 2022 to $522,300 in December 2022.
• Douglas County
  • New Listings dropped 156 spots in October 2022 to 112 in December 2022.
• Lane County
  • Closed Sales dropped 288 places in October 2022 to 207 in November 2022.
• Mid-Columbia
  • New Listings dropped 82 spots in October 2022 to 53 in November 2022.
• Union County
  • New Listings fell 30 places in October 2022 to 17 in November 2022.
  • Pending Sales went down 37 spots in October 2022 to 11 in November 2022.
  • Total Market Time spike went down from 78 in October 2022 to 33 in November 2022.

STREAKS

• Lane County
  • New Listings are on a five-month downward streak, down to 254.
• Polk & Marion
  • Active Listings have been up for nine months, totaling 573 in November.
  • New Listings are on a four-month downward streak, hitting 212 in November.
• Portland Metro
  • New Listings are on a 45-month fall, hitting 1,666 November.
• SW Washington
  • New Listings are down for the fifth month, reaching 494 in November.

MILESTONES

• Columbia Basin
  • Lowest Pending Count since December 2019. Pending count at 49 in November 2022.
• Coos County
  • Lowest Closed Sales since February 2019. Closed Sales at 61 in November 2022.
• Lane County
  • Lowest Pending sales since December 2013. Pending Sales at 207 in November 2022.
• Portland Metro
  • Lowest Pending Sales since December 2013. Pending Sales at 1,498 in November 2022.
  • Lowest Closed Sales since January 2019. Closed Sales at 1621 in November 2022.

NEW GROWTH

• Portland Metro: 338 (+23)
• SW Washington 117 (-4)
• Lane County: 30 (flat)

Which way did the October market trend? Were consumers homeward bound or did market transactions seemed poised to fall apart like a house of cards?

Listen to our latest podcast which delivers an essential market overview in just 10 minutes.

Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts! 

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

REAL TALK WITH RMLS – OCTOBER 2022 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,010 (-893)
• Active Listings: 8,238 (-133)
• Closed Sales: 3,235 (-507)
• Inventory 2.5 (+0.3)
• TMT: 39 (+2)
• Avg Sale Price: $533,300 (-$11,200)
• Med Sale Price: $485,000 (-$10,000)

WASHINGTON

• New Listings: 807 (-131)
• Active Listings: 1,687 (-24)
• Closed Sales: 672 (-155)
• Inventory 2.5 (+0.4)
• TMT: 44 (+7)
• Avg Sale Price: $535,600 (-$10,800)
• Med Sale Price: $499,900 (+$900)

SPIKES

• Columbia Basin
  • New Listings drop 42 spots to 79 total in October
• Mid-Columbia
  • The Average Sales Price dropped $47,800 from the previous month, coming in at $457,200.

STREAKS

• Columbia Basin
  • Ninth month of increased Active listings: Up to 243 in Oct.
• Lane County
  • New listings are on a four-month downward streak, down to 357.
  • Total Market Time is up for the fourth straight month, coming in at 34.
• Polk & Marion
  • Active listings have been up for eight months, totaling 572 in October.
• Portland Metro
  • Total Market Time is up for the fourth month, reaching 38.
• SW Washington
  • New listings are down for the fourth month, hitting 636 in October.

MILESTONES

• Polk & Marion
  • Pending Sales were at 190, the lowest point since December 2021.
• Portland Metro
  • Pending Sales were at 1835, the lowest since December 2019.
  • Total Market Time (38) is the highest since January 2022.
• SW Washington
  • New listings hit their lowest since December 2021, coming in at 636.
  • Pending Sales were the lowest since December 2013. 490 total.
  • Closed Sales were the lowest (536) since January 2022.
  • Total Market Time at the highest point (43) since October 2020.

NEW GROWTH

• Portland Metro: 315 (-34)
• SW Washington 121 (-1)
• Lane County: 30 (+11)

AFFORDABILITY

• Portland Metro: 83%
• SW Washington 87%
• Lane County: 79%

September is typically back to school month for kids, so we’re bringing a cartoonish focus to our breakdown of the September statistics.

Join us for the animated hijinks!

Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts! 

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

REAL TALK WITH RMLS – SEPTEMBER 2022 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,903 (-343)
• Active Listings: 8,371 (+204)
• Closed Sales: 3,742 (-418)
• Inventory 2.2 (+0.2)
• TMT: 37 (+8)
• Avg Sale Price: $544,500 (-$11,000)
• Med Sale Price: $495,000 (-$5,000)

WASHINGTON

• New Listings: 938 (-164)
• Active Listings: 1,711 (-53)
• Closed Sales: 827 (-82)
• Inventory 2.1 (+0.2)
• TMT: 37 (+7)
• Avg Sale Price: $546,400 (-$20,500)
• Med Sale Price: $499,000 (-$7,750)

SPIKES

• Mid-Columbia
  • New Listings drop 37 spots from previous month
• North Coastal
  • New Listings fall 76 spots from 232 in August to 134 in September

STREAKS

• Baker County
  • Fourth month of decreased TMT, down to 41
• Polk & Marion
  • Active listings increased for the eigth straight month, going up to 569

STREAK BREAKERS (NEW CATEGORY!)

• Coos County
  • After 8 months of increasing Active Listings, Coos saw a decrease down to 210 this month
  • After 5 months of increased Pending Sales, those went down to 94 in September.

MILESTONES

• Lane County
  • Pending Sales were below 400 (at 381) for the first time since February 2022.
• Polk & Marion
  • Highest Inventory (2.7) since January 2020
  • Highest Active listings (569) since November 2019
  • Lowest Pending Sales (214) since December 2021
• Portland Metro
  • Highest Inventory (2.2) since May 2020
  • Lowest Pending Sales (2003) since December 2021
• SW Washington
  • Lowest New Listings (747) since January 2020
  • Highest TMT (35) since January 2021

NEW GROWTH

• Portland Metro: 349 (+7)
• SW Washington 122 (+5)
• Lane County: 19 (+19)