This month’s episode launches the slow and steady climb upward into the typically high summer numbers; discusses the NAR settlement compliance deadline; gives insight into Year-to-Date comparisons; and tells you which records were broken in North Coastal Counties and SW Washington!

Listen to the latest REAL TALK.

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

REAL TALK WITH RMLS – MAY 2024 STATISTICAL HIGHLIGHTS

OREGON May 2024 vs April 2024

• New Listings: 5,703 (+569)
• Active Listings: 9,221 (+780)
• Pending Sales: 3,834 (+80)
• Closed Sales: 3,456 (+474)
• Inventory: 2.7 (-0.2)
• Total Market Time: 80 (-1)
• Average Sale Price: $576,300 (+$19,400)
• Median Sale Price: $510,000 (+$17,100)

OREGON May 2023 vs May 2024

• New Listings: 5,703 (+463)
• Active Listings: 9,221 (+2,129)
• Pending Sales: 3,834 (-7)
• Closed Sales: 3,456 (+260)
• Inventory: 2.7 (+0.4)
• Total Market Time: 80 (+34)
• Average Sale Price: $576,300 (+$15,100)
• Median Sale Price: $510,000 (+$11,000)

 WASHINGTON March 2024 vs February 2024

• New Listings: 1,223 (+170)
• Active Listings: 1,904 (+150)
• Pending Sales: 820 (+35)
• Closed Sales: 720 (+69)
• Inventory 2.6 (0.0)
• Total Market Time: 97 (-5)
• Average Sale Price: $596,900 (+$19,600)
• Median Sale Price: $520,000 (-$2,250)

WASHINGTON May 2023 vs May 2024

• New Listings: 1,223 (+88)
• Active Listings: 1,904 (+597)
• Pending Sales: 820 (+52)
• Closed Sales: 720 (+49)
• Inventory 2.6 (+0.7)
• Total Market Time: 97 (+53)
• Average Sale Price: $596,900 (+$35,500)
• Median Sale Price: $520,000 (-$550)

SPIKES

• Baker
  • Total Market Time spiked upwards from 76 in April to 109 in May 2024
• Curry
  • Total Market Time spiked downwards from 158 in April to 80 in May 2024
• Grant
  • Closed Sales spiked upwards from 2 in April to 6 in May 2024
• Josephine
  • New Listings spiked downwards from 19 in April to 11 in May 2024

STREAKS

• Columbia Basin
  • New Listings are on a 4-month increase streak, up to 121 in May 2024
  • Closed Sales are on a 4-month increase streak, up to 72 in May 2024
• Coos County
  • Pending Sales are on a 4-month increase streak, up to 96 in May 2024
• Curry County
  • Active Listings are on a 4-month increase, up to 245 in May 2024
• Lane County
  • New Listings are on a 5-month increase, up to 531 in May 2024
  • Pending Sales are on a 5-month increase, up to 390 in May 2024
• Mid-Columbia
  • Total Market Time is on a 4-month decrease streak, down to 72 in May 2024
• Polk and Marion
  • Closed Sales are on a 4-month increase streak, up to 212 in May 2024
• Portland Metro
  • New Listings are on a 4-month increase streak, up to 3,508 to in May 2024
  • Pending Sales are on a 4-month increase streak, up to 2,363 to in May 2024
  • Closed Sales are on a 4-month increase streak, up to 2,140 in May 2024
• SW Washington
  • Closed Sales are on a 4-month increase streak, up to 556 in May 2024

MILESTONES

• Josephine
  • Active Listings at its highest point (46) since September 2015
• Mid-Columbia
  • Active listings at its highest point (315) since October 2019
• North Coastal
  • Active listings at its highest point (629) since October 2019
• Portland Metro
  • Active Listings at its highest point (5,009) since November 2018
• SW Washington
  • Active Listings at its highest point (1,423) since November 2019

Record Breakers

• North Coastal
  • Median Sale Price at an all-time high ($530,000) in May 2024
• SW Washington
  • Median Sale Price at an all-time high ($542,300) in May 2024

 NEW GROWTH

• Portland Metro: 303 (+21)
• SW Washington: 171 (+9)
• Lane County: 9 (-4)

As the saying goes, a rising tide lifts all boats. In this case, we’re talking about the rising tide of April stats and how they’re lifting all categories towards those traditional summer highs.

We also discuss key scheduling dates for the NAR legal settlement, dive into the definition and value of rolling averages, and answer the age old question of what you call a pirate that designs houses. Don’t miss out!

Listen to the latest REAL TALK.

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

REAL TALK WITH RMLS – APRIL 2024 STATISTICAL HIGHLIGHTS

OREGON April 2024 vs March 2024

• New Listings: 5,134 (+1,027)
• Active Listings: 8,441 (+1,480)
• Pending Sales: 3,754 (+322)
• Closed Sales: 2,983 (+386)
• Inventory: 2.8 (+0.1)
• Total Market Time: 81 (-8)
• Average Sale Price: $556,900 (+$26,000)
• Median Sale Price: $492,900 (+$16,500)

OREGON April 2024 vs April 2023

• New Listings: 5,134 (+902)
• Active Listings: 8,441 (+2,479)
• Pending Sales: 3,754 (+231)
• Closed Sales: 2,983 (+255)
• Inventory: 2.8 (+0.6)
• Total Market Time: 81 (+28)
• Average Sale Price: $556,900 (+$13,000)
• Median Sale Price: $492,900 (+$12,900)

WASHINGTON April 2024 vs March 2024

• New Listings: 1,053 (+133)
• Active Listings: 1,754 (+374)
• Pending Sales: 785 (+10)
• Closed Sales: 651 (+46)
• Inventory 2.7 (+0.4)
• Total Market Time: 102 (+3)
• Average Sale Price: $577,300 (+$18,500)
• Median Sale Price: $522,300 (+$19,905)

WASHINGTON April 2024 vs April 2023

• New Listings: 1,053 (+272)
• Active Listings: 1,754 (+759)
• Pending Sales: 785 (+33)
• Closed Sales: 651 (+72)
• Inventory 2.7 (+1.0)
• Total Market Time: 102 (+55)
• Average Sale Price: $577,300 (+$22,500)
• Median Sale Price: $522,300 (+$27,300)

SPIKES

• Baker
  • Pending Sales spiked upwards from 14 in March to 27 in April 2024
  • Closed Sales spiked upwards from 10 in March to 18 in April 2024
• Douglas
  • New Listings spiked upwards from 139 in March to 211 in April 2024
  • Pending Sales spiked upwards from 111 in March to 156 in April 2024
• Grant
  • New Listings spiked upwards from 6 in March to 13 in April 2024
  • Total Market Time spiked upwards from 83 in March to 173 in April 2024
• Josephine
  • New Listings spiked upwards from 7 in March to 19 in April 2024
  • Active Listings spiked upwards from 28 in March to 43 in April 2024
• Mid-Columbia
  • Pending Sales spiked upwards from 62 in March to 89 in April 2024
• Polk and Marion
  • Active Listings spiked upwards from 423 in March to 542 in April 2024
• Portland Metro
  • Active Listings spiked upwards 3,629 in March to 4,559 in April 2024

STREAKS

• Baker
  • Active Listings are on a 4-month increase streak, up to 88 in April 2024
• Coos
  • Pending Sales are on a 4-month increase streak, up to 84 in April 2024
• Lane
  • New Listings are on a 4-month increase streak, up to 457 in April 2024
  • Pending Sales are on a 4-month increase streak, up to 379 in April 2024
• North Coastal
  • Pending Sales are on a 4-month increase streak, up to 142 in April 2024
  • New Listings are on a 4-month increase streak, up to 209 in April 2024
• Polk and Marion
  • New Listings are on a 4-month increase streak, up to 364 in April 2024
• SW Washington
  • New Listings are on a 4-month increase streak, up to 831 in April 2024

MILESTONES

• Curry
  • Active Listings at its highest point (222) since November 2019
• SW Washington
  • Active Listings at its highest point (1,311) since April 2020
  • Total Market Time at its highest point (110) since January 2015

NEW GROWTH

• Portland Metro: 282 (+22)
• SW Washington: 162 (-5)
• Lane County: 13 (-3)

AFFORDABILITY

• Portland Metro: 88%
• SW Washington: 92%
• Lane County: 83%