Our newest episode features our trainers answering common questions related to the recent settlement changes.

Listen to the podcast version here, on Spotify, or on Apple Podcasts.

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

We talk the early days of the post-compensation reality, parse the takeaways from the July market, and focus in on closed sales in our ‘Understanding Statistics’ segment.

Listen to the latest REAL TALK. Also available on Spotify, Apple Podcasts, and on YouTube.

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

REAL TALK WITH RMLS – JUNE 2024 STATISTICAL HIGHLIGHTS

OREGON July 2024 vs June 2024

• New Listings: 4,923 (-559)
• Active Listings: 10,826 (+2,952)
• Pending Sales: 3,670 (-98)
• Closed Sales: 3,394 (-66)
• Inventory: 3.2 (+0.9)
• Total Market Time: 51 (+10)
• Average Sale Price: $563,400 (+$3,200)
• Median Sale Price: $503,500 (+$3,600)

OREGON July 2024 vs July 2023

• New Listings: 4,923 (-179)
• Active Listings: 10,826 (+710)
• Pending Sales: 3,670 (+95)
• Closed Sales: 3,394 (+64)
• Inventory: 3.2 (+0.2)
• Total Market Time: 51 (+2)
• Average Sale Price: $563,400 (-$15,600)
• Median Sale Price: $503,500 (-$8,500)

WASHINGTON July 2024 vs June 2024

• New Listings: 1,018 (-69)
• Active Listings: 2,185 (+136)
• Pending Sales: 785 (-25)
• Closed Sales: 773 (58)
• Inventory 2.8 (-0.1)
• Total Market Time: 45 (+9)
• Average Sale Price: $622,500 (+$32,600)
• Median Sale Price: $529,500 (+$19,500) 

WASHINGTON July 2024 vs July 2023

• New Listings: 1,018 (-102)
• Active Listings: 2,185 (+701)
• Pending Sales: 785 (-16)
• Closed Sales: 773 (+97)
• Inventory 2.8 (+0.6)
• Total Market Time: 45 (+9)
• Average Sale Price: $622,500 (+$900)
• Median Sale Price: $529,500 (-$20,000)

SPIKES

• Grant
  • New Listings spiked upwards from 9 in June to 14 in July 2024
  • Total Market Time spiked upwards from 67 in June to 221 in July 2024
• Josephine
  • Average Sale Price spiked upwards from $240,000 in June to $579,700 in July 2024
• Wallowa
  • New Listings piked upwards from 11 in June to 18 to July 2024 

STREAKS

• Lane
  • Active Listings are on a 5-month increase streak, up to 897 in July 2024
• Mid-Columbia
  • Active Listings are on a 5-month increase streak, up to 390 in July 2024
• Portland Metro
  • Total Market Time are on a 5-month decrease streak, down to 44 in July 2024.
• SW Washington
  • Active Listings are on a 5-month increase streak, up to 1,614 in July 2024

MILESTONES

• Lane
  • Active Listings at its highest point (897) since September 2018
• Mid-Columba
  • Active Listings at its highest point (390) since September 2019
• North Coastal
  • Active Listings at highest point (749) since September 2019
• Portland Metro
  • Active Listings at highest point (7,397) since September 2019
• SW Washington
  • Active Listings at highest point (1,614) since October 2019

NEW CONSTRUCTION

• Portland Metro: 295 (-)
• SW Washington: 134 (-28)
• Lane County: 20 (+1)

AFFORDABILITY

• Portland Metro: 86% (-2%)
• SW Washington: 86% (-6%)
• Lane County: 78% (-5%) 

Big changes are coming in August! CEO and President Kurt von Wasmuth is on hand to discuss what’s in store for RMLS with settlement-related updates. Then Terry & Beth read the tea leaves from the latest market stats, and our Statistical Specialist breaks down New Listings & Pending Sales for you.

Listen to the latest REAL TALK. Also available on Spotify, Apple Podcasts, and on YouTube.

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

REAL TALK WITH RMLS – JUNE 2024 STATISTICAL HIGHLIGHTS

OREGON June 2024 vs May 2024

• New Listings: 5,102 (-601)
• Active Listings: 10,116 (+895)
• Pending Sales: 3,575 (-259)
• Closed Sales: 3,330 (-127)
• Inventory: 3.0 (+0.4)
• Total Market Time: 50 (-1)
• Average Sale Price: $579,000 (+$2,700)
• Median Sale Price: $512,000 (+$2,00)

OREGON June 2024 vs June 2023

• New Listings: 5,102 (-380)
• Active Listings: 10,116 (+2,242)
• Pending Sales: 3,575 (-193)
• Closed Sales: 3,330 (-130)
• Inventory: 3.0 (+0.8)
• Total Market Time: 50 (+8)
• Average Sale Price: $579,000 (+$18,800)
• Median Sale Price: $512,000 (+$12,100)

WASHINGTON June 2024 vs May 2024

• New Listings: 1,087 (-136)
• Active Listings: 2,049 (+145)
• Pending Sales: 810 (-10)
• Closed Sales: 715 (-5)
• Inventory 2.9 (+0.2)
• Total Market Time: 46 (-6)
• Average Sale Price: $589,900 (-$7,000)
• Median Sale Price: $510,000 (-$10,000)

WASHINGTON June 2024 vs June 2023

• New Listings: 1,087 (-33)
• Active Listings: 2,049 (+565)
• Pending Sales: 810 (+9)
• Closed Sales: 715 (+39)
• Inventory 2.9 (+0.7)
• Total Market Time: 46 (+10)
• Average Sale Price: $589,900 (+$900)
• Median Sale Price: $510,000 (-$20,000) 

SPIKES

• Columbia Basin
  • New Listings spiked downwards from 121 in May to 72 in June 2024
• Coos
  • Total Market Time spiked upwards from 54 in May to 87 in June 2024
• Grant
  • Total Market Time spiked downwards from 123 in May to 67 in June 2024
• Josephine
  • Total Market Time spiked downwards from 71 in May to 8 in June 2024
  • Closed Sales spiked upwards from 20 in May to 31 in June 2024

STREAKS

• Columbia Basin
  • New Listings are on a 4-month increase streak, up to 121 in June 2024
• Coos
  • Active Listings are on a 4-month increase streak, up to 358 in June 2024
  • New Listings are on a 4-month increase streak, up to 165 in June 2024
• Curry
  • Active Listings are on a 6-month increase streak, up to 252 in June 2024
• Douglas
  • Active Listings are on a 4-month increase streak, up to 442 in June 2024
• Josephine
  • Active Listings are on a 4-month increase streak, up to 50 in June 2024
• Lane
  • Active Listings are on a 4-month increase streak, up to 830 in June 2024
• Mid-Columbia
  • Active Listings are on a 4-month increase streak, up to 375 in June 2024
• North Coastal
  • Active Listings are on a 5-month increase streak, up to 676 in June 2024

MILESTONES

• Josephine
  • Active Listings at its highest point (50) since September 2015
• Lane
  • Active Listings at its highest point (830) since September 2015
• Mid-Columbia
  • Active Listings at its highest point (375) since September 2019
• North Coastal
  • Active Listings at its highest point (676) since October 2019
• Polk and Marion
  • Active Listings at its highest point (611) since October 2019
• Portland Metro
  • Active Listings at its highest point (5,494) since October 2019
  • Average Sale Price at its highest point ($636,200) since May 2022
• SW Washington
  • Active Listings at its highest point (1,529) since October 2019

Record Breakers

• Columbia Basin
  • Median Sale Price is at an all-time high ($341,300) in June 2024
• Mid-Columbia
  • Median Sale Price is at an all-time high ($550,000) in June 2024

NEW GROWTH

• Portland Metro: 295 (-8)
• SW Washington: 162 (-9)
• Lane County: 21 (+12)