August 2022 Market Action Statistics (Real Talk with RMLS, Episode 62)
Was August a smash hit or a slightly disappointing follow up?
Our intrepid podcasting pair are on record to see what’s climbing the charts and whether or not August rocked out. Tune in, turn on, and find out!
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 – AUGUST 2022 STATISTICAL HIGHLIGHTS
OREGON
- New Listings: 5,246 (-820)
- Active Listings: 8,167 (+12)
- Closed Sales: 4,160 (+316)
- Inventory 2.0 (-0.1)
- TMT: 29 (+5)
- Avg Sale Price: $555,500 (-$14,200)
- Med Sale Price: $500,000 (-$15,000)
WASHINGTON
- New Listings: 1,102 (-182)
- Active Listings: 1,764 (-22)
- Closed Sales: 909 (+61)
- Inventory 1.9 (-0.2)
- TMT: 30 (+6)
- Avg Sale Price: $566,900 (+$67,000)
- Med Sale Price: $506,750 (-$41,950)
SPIKES
- Portland Metro
- Average Sales Price $607,700 (-$28,000) is a -4.4% decrease from July, the largest monthly decrease since August 2012.
- New Listings 3,209 is a 554 drop from the previous month.
STREAKS
- Baker County: fifth month of increased Active listings
- Columbia Basin: seventh month of increased Active listings
- Coos County: seventh month of increased Active listings and fourth straight month of declining Pending Sales
- Douglas County: sixth month of increased Active listings
- Polk & Marion: sixth month of increased Active listings
RECORD BREAKERS
- Polk & Marion: All-time highest Average Sale Price of $511,700
MILESTONES
- Polk & Marion: Active listings highest (531) since January 2019
- Portland Metro: Active listings (4,715) decreased for the first time since January 2022
- SW Washington: Active listings (1,274) decreased for the first time since January 2022
NEW GROWTH
- Portland Metro: 342 (+19)
- SW Washington 117 (+9)
- Lane County: 0 (-17)
