February 2023 Market Action Statistics (Real Talk with RMLS, Episode 68)

February 2023 Market Action Statistics (Real Talk with RMLS, Episode 68)

by | Mar 17, 2023

We welcome new cohost Terry Romel to the podcast and then dive into the February stats. Inventory took a plunge while Time on Market and Closed Sales were up. Beth and Terry give you the trends, interesting outliers, and all the RMLS updates you need.

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 – FEBRUARY 2023 STATISTICAL HIGHLIGHTS 

OREGON

  • New Listings: 2,942 (-189)
  • Active Listings: 5,401 (-200)
  • Closed Sales: 2,315 (+498)
  • Inventory 2.3 (-0.8)
  • TMT: 71 (+5)
  • Avg Sale Price: $515,000 (+$22,700)
  • Med Sale Price: $465,000 (+$24,500)

WASHINGTON

  • New Listings: 582 (-91)
  • Active Listings: 967 (-99)
  • Closed Sales: 519 (+110)
  • Inventory 1.9 (-0.7)
  • TMT: 73 (+14)
  • Avg Sale Price: $522,800 (-$200)
  • Med Sale Price: $489,900 (+$14,900)

 SPIKES

  • North Coastal
    • Closed Sales increased from 71 in January 2023 to 100 in February 2023.
  • Polk and Marion
    • Total Market Time dropped down from 75 in January 2023 to 55 in February 2023.
  • Portland Metro
    • Closed Sales increased from 1,088 in January 2023 to 1434 in February 2023.

STREAKS

  • Columbia Basin
    • Active Listings are on 4-month downward streak, down to 189 in February 2023.
    • Closed Sales continued a 5-month decrease streak: coming in at 39 in February 2023.
  • Curry
    • Closed Sales are also on a 5-month streak downward, down to 16 in February 2023.
  • Douglas
    • Active Listings are on a 4-month streak down, coming in at 309 in February 2023.
  • Mid-Columbia
    • Total Market Time was up for the fourth month, reaching 95 in February 2023.

 RECORD BREAKERS

  • Josephine

    • Closed Sales hit an all-time low with 0 in February 2023.

NEW GROWTH

  • Portland Metro: 265 (-21)
  • SW Washington 110 (+11)
  • Lane County: 29 (+7)
February 2023 Market Action Statistics (Real Talk with RMLS, Episode 68)

January 2023 Market Action Statistics (Real Talk with RMLS, Episode 67)

by | Feb 23, 2023

Want to make sense of the mixed up market? Let Beth and John give you the 10-minute breakdown of which January stats kept spiking, which ones plunged, and where the trends are taking us.

Also: Beth highlights the new Broadband Reports available on RMLSweb listings and our brand new Market Action report, and John says a tearful goodbye in roughly 50 different languages. Don’t miss it!

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 – JANUARY 2023 STATISTICAL HIGHLIGHTS 

OREGON

  • New Listings: 3,131 (+1,218)
  • Active Listings: 5,601 (-747)
  • Closed Sales: 1,817 (+546)
  • Inventory 3.1 (+0.4)
  • TMT: 66 (+9)
  • Avg Sale Price: $492,300 (-$23,300)
  • Med Sale Price: $440,500 (-$19,500)

WASHINGTON

  • New Listings: 673 (+198)
  • Active Listings: 1,066 (-177)
  • Closed Sales: 409 (-135)
  • Inventory 2.6 (+0.3)
  • TMT: 59 (+6)
  • Avg Sale Price: $523,000 (+9,600)
  • Med Sale Price: $475,000 (+$11,000)

 SPIKES

  • Baker County
    • Total Market Time increased 39 spots from 47 in December 2022 to 86 in January 2023.
  • Columbia Basin
    • Pending Sales increased a total of 24 from 44 in December 2022 to 68 in January 2023.
  • Coos County
    • New Listings increased from 51 in December 2022 to 84 in January 2023, a +33 jump.
  • Lane County
    • New Listings increased from 175 in December 2022 to 303 in January 2023, an increase of 128.
  • Mid-Columbia
    • New Listings went from 33 in December 2022 to 58 in January 2023 (+25).
  • North Coastal
    • Pending Sales increased 42 spots from 80 in December 2022 to 122 in January 2023.
  • Portland Metro
    • New Listings almost doubled, going from 1,073 in December 2022 to 1,938 in January 2023.

STREAKS

  • Lane County
    • Total Market Time increased for the seventh month coming in at 50 in January 2023.
  • Polk and Marion
    • Closed sales were down for the fifth month, dropping to 151 in January 2023.
  • Portland Metro
    • Active Listings were down for the fourth month, reaching 2,953 in January 2023.
    • Closed Sales were also down for the fourth month, dropping to 1,088 in January 2023.
  • SW Washington
    • Closed Sales continued a five-month decrease, coming in at 317 in January 2023.

 MILESTONES

  • Baker County
    • Lowest Closed Sales count since April 2011, reaching 6 in January 2023.
  • Grant County
    • Lowest Closed Sales on record, with zero sales in January 2023.

NEW GROWTH

  • Portland Metro: 286 (-52)
  • SW Washington 99 (-18)
  • Lane County: 22 (-9)
February 2023 Market Action Statistics (Real Talk with RMLS, Episode 68)

December 2022 Market Action Statistics (Real Talk with RMLS, Episode 66)

by | Jan 20, 2023

Ready to take the plunge into another episode? John and Beth take you through the ‘December Drop’ we’re seeing in the market, pointing out where the market has spiked, which streaks have continued, and which milestones have been reached.

Also: We tease the new Market Action report and John has a big announcement.

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 – DECEMBER 2022 STATISTICAL HIGHLIGHTS 

OREGON

  • New Listings: 1,913 (-2,097)
  • Active Listings: 6,348 (-1,890)
  • Closed Sales: 2,363 (-872)
  • Inventory 2.7 (+0.2)
  • TMT: 57 (+18)
  • Avg Sale Price: $515,600 (-$17,700)
  • Med Sale Price: $460,000 (-$25,000)

WASHINGTON

  • New Listings: 475 (-332)
  • Active Listings: 1,243 (-444)
  • Closed Sales: 544 (-128)
  • Inventory 2.3 (-0.2)
  • TMT: 53 (+9)
  • Avg Sale Price: $513,400 (-$22,200)
  • Med Sale Price: $464,000 (-$35,900)

SPIKES

  • Baker County
    • Closed Sales went from 17 in November to 10 in December.
  • Coos County
    • New Listings went from 83 to 51 in December.
    • Pending Sales dropped from 69 to 46.
  • Curry County
    • New Listings went from 45 to 24.
  • Douglas County
    • Total Market Time spiked up from 43 to 67.
  • Lane County
    • New Listings dropped from 254 down to 175.
  • Mid-Columbia
    • New Listings dropped 20 spots from 53 to 33.
    • Pending Sales fell 17 from 56 to 39.
  • North Coastal
    • Total Market Time leaped from 41 in November to 74 in December.
  • Portland Metro
    • New Listings dropped from 1688 to 1073.
    • Active Listings dropped from 4,235 to 3368.
  • SW Washington
    • Active Listings went from 1125 to 863 in December.

STREAKS

  • Coos County
    • Pending Sales are on an eight-month downward streak to 46 in December.
  • Lane County
    • New Listings have decreased for six months, reaching 175 in December.
    • Total Market Time has increased for six straight months, reaching 45 days.
  • Portland Metro
    • Total Market Time is up to 55 days, a six-month streak.
  • SW Washington
    • New Listings dropped for the six straight month, falling to 367.
    • Total Market Time also is down for the sixth month, hitting 52.

MILESTONES

  • Baker County
    • Lowest Closed Sales count since November 2018, reaching 10 in December.
  • Curry County
    • Lowest New Listings (24) since December 2014.
    • Lowest Pending Listings (23) since December 2013.

NEW GROWTH

  • Portland Metro: 338 (flat)
  • SW Washington 117 (flat)
  • Lane County: 31 (+1)

February 2023 Market Action Statistics (Real Talk with RMLS, Episode 68)

November 2022 Market Action Statistics (Real Talk with RMLS, Episode 65)

by | Dec 16, 2022

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)
February 2023 Market Action Statistics (Real Talk with RMLS, Episode 68)

October 2022 Market Action Statistics (Real Talk with RMLS, Episode 64) 

by | Nov 18, 2022

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%