by Chad Nicholson | Nov 22, 2024
As Holiday season starts, we explore the October market, how we factor in subscriber input for decision making, and we tease a new Real Talk format in the next episode.
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 – OCTOBER 2024 STATISTICAL HIGHLIGHTS
OREGON October 2024 vs September 2024
- New Listings: 3,912 (-294)
- Active Listings: 10,434 (-413)
- Pending Sales: 3,391 (-103)
- Closed Sales: 3,236 (+363)
- Inventory: 3.2 (-0.6)
- Total Market Time: 64 (+5)
- Average Sale Price: $550,700 (-$3,800)
- Median Sale Price: $495,000 (no change)
OREGON October 2024 vs October 2023
- New Listings: 3,912 (+280)
- Active Listings: 10,434 (+1,589)
- Pending Sales: 3,391 (+606)
- Closed Sales: 3,236 (+489)
- Inventory: 3.2 (no change)
- Total Market Time: 64 (+11)
- Average Sale Price: $550,700 (+$16,300)
- Median Sale Price: $495,000 (+$20,000)
WASHINGTON October 2024 vs September 2024
- New Listings: 857 (-6)
- Active Listings: 2,107 (-99)
- Pending Sales: 712 (-41)
- Closed Sales: 698 (+92)
- Inventory: 3.0 (-0.6)
- Total Market Time: 64 (+8)
- Average Sale Price: $599,600 (+$21,400)
- Median Sale Price: $545,300 (+$23,500)
WASHINGTON October 2024 vs October 2023
- New Listings: 857 (+70)
- Active Listings: 2,107 (+405)
- Pending Sales: 712 (+128)
- Closed Sales: 698 (+123)
- Inventory: 3.0 (+0.1)
- Total Market Time: 64 (+20)
- Average Sale Price: $599,600 (+$47,800)
- Median Sale Price: $545,300 (+$55,300)
SPIKES
- Coos
- Average Square Footage spiked downwards from 1703 in September to 1414
- Mid-Columbia
- Closed Sales spiked upwards from 51 in September to 86
- Portland Metro
- Closed Sales spiked upwards from 1702 in September to 1975
STREAKS
- Coos
- Active Listings are on a 4-month decrease streak, down to 307
- Lane (Florence)
- New Listings are on a 4-month decrease streak, down to 41
- Portland Metro
- Average Total Market Time is on a 4-month increase streak, up to 57
- SW Washington
- Average Total Market Time is on a 5-month increase streak, up to 63
MILESTONES
- Grant
- Pending Sales at its highest point (11) since July 2023
- Average Sold Price Change at its lowest point (-9%) since December 2023
- Josephine
- Pending Sales at its lowest point (3) since December 2023
NEW CONSTRUCTION
- Portland Metro: 282 (-68)
- SW Washington: 182 (+42)
- Lane County: 28 (+1)
by Chad Nicholson | Oct 4, 2024
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)
by Chad Nicholson | Aug 23, 2024
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%)
by Chad Nicholson | Jul 18, 2024
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)
by Chad Nicholson | Jun 12, 2024
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)
