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%

This month our fabulous hosts discuss the recent policy change for refreshing listings and still deliver the lowdown (and by low and down, we mean inventory) on the local real estate market. Meanwhile, our Statistical Specialist is on hand to explain some of the common statistical concepts we use.

All that and our normal RMLS updates, including our ongoing Technology Survey (which RMLS subscribers should definitely take today – only two questions!).

Listen to Real Talk with RMLS – now on Spotify.

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

REAL TALK WITH RMLS – MARCH 2024 STATISTICAL HIGHLIGHTS

OREGON March 2024 vs February 2024

• New Listings: 4,107 (+698)
• Active Listings: 6,961 (+238)
• Pending Sales: 3,432 (+495)
• Closed Sales: 2,597 (+432)
• Inventory: 2.7 (-0.4)
• Total Market Time: 89 (+1)
• Average Sale Price: $530,900 (+$7,000)
• Median Sale Price: $476,400 (-$2,000)

OREGON March 2024 vs March 2023

• New Listings: 4,107 (-50)
• Active Listings: 6,961 (+1,410)
• Pending Sales: 3,432 (+78)
• Closed Sales: 2,597 (-308)
• Inventory: 2.7 (+0.8)
• Total Market Time: 89 (+28)
• Average Sale Price: $530,900 (+$5,700)
• Median Sale Price: $476,400 (-$1,400)

WASHINGTON March 2024 vs February 2024

• New Listings: 920 (+177)
• Active Listings: 1380 (+52)
• Pending Sales: 775 (+78)
• Closed Sales: 605 (+88)
• Inventory 2.3 (-0.3)
• Total Market Time: 98 (+21)
• Average Sale Price: $558,800 (+$23,100)
• Median Sale Price: $502,400 (+$12,600)

WASHINGTON March 2024 vs March 2023

• New Listings: 920 (+33)
• Active Listings: 1380 (+360)
• Pending Sales: 775 (+51)
• Closed Sales: 605 (-8)
• Inventory 2.3 (+0.6)
• Total Market Time: 98 (+25)
• Average Sale Price: $558,800 (+$23,300)
• Median Sale Price: $502,400 (+$12,400)

SPIKES

• Baker
  • Total Market Time spiked upwards from 35 in February to 75 in March 2024
• Columbia Basin
  • New Listings spiked upwards from 69 in February to 103 in March 2024
• Grant
  • New Listings spiked upwards from 2 in February to 6 in March 2024
  • Pending Sales spiked upwards from 1 in February to 5 in March 2024
  • Average Sale Price spiked upwards from $259,900 in February to $400,400 in March 2024
• Josephine
  • Median Sale Price spiked downwards from $500,000 in February to $280,000 in March 2024
  • Total Market Time spiked downwards from 247 in February to 60 in March 2024
• Mid-Columbia
  • New Listings spiked upwards from 59 in February 2024 to 95 in March 2024
• North Coastal
  • New Listings spiked upwards from 148 in February 2024 to 219 in March 2024

STREAKS

• Polk and Marion
  • Total Market Time is on a 4-month increase streak, up to 101 in March 2024

MILESTONES

• Columbia Basin
  • Total Market Time at its highest point (107) since September 2018.
• Lane
  • Total Market Time at its highest point (80) since April 2016.
• Portland Metro
  • Total Market Time at its highest point (91) since February 2014.
• SW Washington
  • Total Market Time at its highest point (103) since February 2015.

NEW GROWTH

• Portland Metro: 260 (-23)
• SW Washington: 167 (+4)
• Lane County: 16 (-7)

What season is it? Is it the season of rising inventory or the season of plateauing prices? Our latest episode breaks down the real estate weather in the Pacific Northwest, gives a ‘reaction’ impression to the design concept work for the new RMLSweb site, and teases our upcoming VIDEO version of Real Talk! Tune in now.

Listen to Real Talk with RMLS – now on Spotify.

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

REAL TALK WITH RMLS – FEBRUARY 2024 STATISTICAL HIGHLIGHTS

The numbers in parentheses show the difference from the previous month.

OREGON

• New Listings: 3,409 (+345)
• Active Listings: 6,723 (+84)
• Pending Sales: 2,937 (+455)
• Closed Sales: 2,165 (+318)
• Inventory: 3.1 (-0.5)
• Total Market Time: 88 (+14)
• Average Sale Price: $523,900 (+$6,200)
• Median Sale Price: $478,400 (+$11,400)

WASHINGTON

• New Listings: 743 (+92)
• Active Listings: 1,328 (-2)
• Pending Sales: 697 (+142)
• Closed Sales: 517 (+124)
• Inventory 2.6 (-0.8)
• Total Market Time: 77 (+13)
• Average Sale Price: $535,700 (-$1,200)
• Median Sale Price: $489,600 (+$9,800)

SPIKES

• Baker
  • Total Market Time spiked downwards from 35 in January to 62 in February 2024
• Columbia Basin
  • Total Market Time spiked upwards from 65 in January to 94 in February 2024
• Douglas
  • Pending Sales spiked upwards from 100 in January to 140 in February 2024
• Grant
  • New Listings spiked downwards from 9 in January to 2 in February 2024
  • Pending Sales spiked downwards from 10 in January to 1 in February 2024
  • Closed Sales spiked upwards from 1 in January to 9 in February 2024
• Josephine
  • Average Sale Price spiked upwards from 2 in January to 7 in February 2024
• Mid-Columbia
  • New Listings spiked upwards from 40 in January to 59 in February 2024
• North Coastal
  • New Listings spiked upwards from 101 in January to 148 in February 2024
• Union
  • Average Sale Price spiked upwards from $249,400 in January to $499,200 in February 2024

STREAKS

• Douglas
  • Active Listings are on a 5-month downward streak down to 293 in February 2024
• Lane
  • Active Listings are on a 5-month downward streak down to 541 in February 2024
• Mid-Columbia
  • Active Listings are on a 6-month downward streak down to 194 in February 2024
• Polk and Marion
  • Active Listings are on a 5-month downward streak down to 412 in February 2024
• Portland Metro
  • Total Market Time is on a 7-month upward streak up to 89 in February 2024

MILESTONES

• Coos
  • Total Market Time at its highest point since September 2020 at 94 in February 2024
• Lane
  • Total Market Time at its highest point since December 2016 at 76 in February 2024
• Portland Metro
  • Total Market Time at its highest point since February 2014 at 89 in February 2024
• SW Washington
  • Total Market Time at its highest point since January 2020 at 77 in February 2024

NEW GROWTH

• Portland Metro: 283 (+30)
• SW Washington: 163 (-20)
• Lane County: 23 (+2)