BOO! Happy Halloween season. Instead of frights, we have delights for you, including rising inventory numbers and the most active listings in the Portland Metro market since 2019. Tune in for more treats.
Also, our new showing management platform, Aligned Showings, is now live. All that and a Halloween costume contest. Might as well tune in NOW!
Listen to Real Talk with RMLS – now on Spotify.
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – SEPTEMBER 2023 STATISTICAL HIGHLIGHTS
Note: The parenthetical figures below represent the change from the previous month.
OREGON
- New Listings: 4,402 (-506)
- Active Listings: 9,053 (+199)
- Pending Sales: 3,031 (-470)
- Closed Sales: 2,950 (-607)
- Inventory: 3.1 (+0.6)
- TMT: 47 (+3)
- Avg Sale Price: $536,300 (-$19,400)
- Median Sale Price: $483,000 (-$7,000)
WASHINGTON
- New Listings: 826 (-137)
- Active Listings: 1,675 (+59)
- Pending Sales: 583 (-142)
- Closed Sales: 611 (-163)
- Inventory 2.7 (+0.6)
- TMT: 40 (+3)
- Avg Sale Price: $551,900 (-$17,100)
- Med Sale Price: $495,000 (-$25,000)
SPIKES
- Columbia Basin
- Pending Listings spiked downwards from 105 in August to 61 in September 2023
- Union
- Total Market Time spiked downwards from 28 in August to 19 in September 2023
STREAKS
- Curry
- New Listings are on a 4-month downward streak. Reaching 51 in September 2023
- Douglas
- New Listings are on a 4-month downward streak. Reaching 155 in September 2023
- Polk and Marion
- Active Listings are on a 4-month downward streak. Reaching 552 in September 2023
- Portland Metro
- Active Listings are on a 4-month downward streak. Reaching 4,895 in September 2023
- Portland Metro
- Pending Listings are on a 4-month downward streak. Reaching 1809 in September 2023
- SW Washington
- New Listings are on a 6-month downward streak. Reaching 1,182 in September 2023
MILESTONES
- Columbia Basin
- Active Listings at the highest point since September 2017. At 283 in September 2023
- Mid-Columbia
- Active Listings decreased for the first time since February 2023. At 283 in September 2023
- North Coastal
- Active Listings decreased for the first time since January 2023. At 592 in September 2023
- Portland Metro
- Active Listings at highest point since November 2019. At 4,895 in September 2023
NEW GROWTH
- Portland Metro: 323
- SW Washington 116
- Lane County: 36
AFFORDABILITY
- Lane County: 78%
- Portland Metro: 84%
- SW Washington: 83%