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)

Time to listen to the January real estate beat! Our podcasting MCs Terry and Beth are back to guide you through the notable trends and standout data points you want to know about from the January market. Inventory counts will rise, affordability levels will plateau, and Aligned Showings updates will dominate! Tune in for what might be the best 15 minutes of your month!

Listen to Real Talk with RMLS – now on Spotify.

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

REAL TALK WITH RMLS – JANUARY 2024 STATISTICAL HIGHLIGHTS

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

OREGON

• New Listings: 3,064 (+1,257)
• Active Listings: 6,639 (-302)
• Pending Sales: 2,482 (+350)
• Closed Sales: 1,847 (-322)
• Inventory: 3.6 (+0.4)
• TMT: 73 (+10)
• Avg Sale Price: $517,700 (-$8,200)
• Median Sale Price: $467,100 (+$2,100)

WASHINGTON

• New Listings: 651 (+245)
• Active Listings: 1,330 (-62)
• Pending Sales: 555 (+70)
• Closed Sales: 393 (-85)
• Inventory 3.4 (+0.5)
• TMT: 64 (+9)
• Avg Sale Price: $536,900 (-$32,100)
• Med Sale Price: $480,000 (-$19,100)

SPIKES

• Baker
  • New Listings spiked upwards from 10 in December 2023 to 22 in January 2024
• Coos
  • New Listings spiked upwards from 59 in December 2023 to 83 in January 2024
• Curry
  • New Listings spiked upwards from 19 in December 2023 to 45 in January 2024
• Grant
  • Inventory spiked upwards from 7.8 in December 2023 to 43.0 in January 2024
  • Average Sale Price spiked downward from $443,100 in December 2023 to $185,000 in January 2024
  • Closed Sales spiked downward from 6 in December 2023 to 1 in January 2024
• Lane
  • New Listings spiked upward from 177 in December 2023 to 283 in January 2024
• Polk and Marion
  • New Listings spiked upwards from 136 in December 2023 to 200 in January 2024
• Portland Metro
  • New Listings spiked upwards from 1,026 in December 2023 to 1,941 in January 2024
• SW Washington
  • New Listings spiked upwards from 313 in December 2023 to 547 in January 2024
• Union
• New Listings spiked upwards from 13 in December 2023 to 24 in January 2024

STREAKS

• Columbia Basin
  • New Listings are on a 5-month downward streak. Down to 60 in January 2024
• North Coastal
  • Active Listings are on a 5-month decrease streak. Down to 388 in January 2024
  • Closed Sales are on a 5-month decrease streak. Down to 75 in January 2024
• Portland Metro
  • Closed Sales are on a 5-month decline streak. Down to 1,120 in January 2024
• SW Washington
  • Total Market Time is on a 7-month increase streak. Up to 64 in January 2024
• Union
  • Inventory is on a 7-month increase streak. Up to 5.3 in January 2024

MILESTONES

• North Coastal
  • New Listings increased for the first time since May 2023. At 101 in January 2024
• Polk and Marion
  • Closed Sales at lowest point since February 2018. At 122 in January 2024
• Wallowa
  • Closed Sales at the lowest point since March 2010. At 0 in January 2024

NEW GROWTH

• Portland Metro: 313 (-5)
• SW Washington: 143 (+27)
• Lane County: 21 (-2)

AFFORDABILITY

• Portland Metro: 83%
• SW Washington: 85%
• Lane County: 82%

As we start off the new year, our hosts consider their resolutions as they break down the market stats that closed out 2023. Did the surprising highs in inventory continue? Did Douglas County have the lowest number of new listings since December 2012 ? (Yes!)  Did the annual sales volume for Portland Metro exceed last year? You’ll need to tune in to find out.

Listen to Real Talk with RMLS – now on Spotify.

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

REAL TALK WITH RMLS – DECEMBER 2023 STATISTICAL HIGHLIGHTS

The numbers in parentheses show the difference from the previous month, except for the Annual Sales Volume figures, which show the difference from 2022 totals.

OREGON

• New Listings: 1,807 (-1,169)
• Active Listings: 6,941 (-1,509)
• Pending Sales: 2,132 (-241)
• Closed Sales: 2,169 (-120)
• Inventory: 3.2 (-0.5)
• TMT: 63 (+4)
• Average Sale Price: $525,900 (-$10,400)
• Median Sale Price: $465,000 (-$10,000)

WASHINGTON

• New Listings: 406 (-210)
• Active Listings: 1,392 (-268)
• Pending Sales: 485 (+9)
• Closed Sales: 478 (+23)
• Inventory 2.9 (-0.8)
• TMT: 55 (-4)
• Average Sale Price: $569,000 (+$29,100)
• Median Sale Price: $499,000 (+$24,000)

SPIKES

• Baker
  • New Listings spiked downwards from 23 in November to 10 in December 2023.
• Coos
  • Total Market Time spiked upwards from 55 in November to 85 in December 2023.
• Grant
  • New Listings spiked upwards from 4 in November to 11 in December 2023.
  • Closed Sales spiked upwards from 1 in November to 6 in December 2023.
• Josephine
  • New Listings spiked downwards from 7 in November to 2 in December 2023.
• Lane
  • New Listings spiked downwards from 313 in November to 177 in December 2023.
• Portland Metro
  • New Listings spiked downwards from 1828 in November to 1026 in December 2023.

STREAKS

• Columbia Basin
  • New Listings are on a 4-month downward streak. Down to 63 in December 2023.
• Curry
  • New Listings are on a 7-month downward streak. Down to 19 in December 2023.
• Lane
  • Closed Sales are on a 4-month downward streak. Down to 215 in December 2023.
  • New Listings are on a 4-month downward streak. Down to 177 in December 2023.
  • Pending Sales are on a 5-month downward streak. Down to 208 in December 2023.
• Mid-Columbia
  • Active Listings are on a 4-month downward streak. Down to 214 in December 2023.
  • Pending Sales are on a 5-month downward streak. Down to 42 in December 2023.
• North Coastal
  • New Listings are on a 7-month downward streak. Down to 77 in December 2023.
• Portland Metro
  • Pending Sales are on a 7-month downward streak. Down to 1,309 in December 2023.
  • New Sales are on a 4-month downward streak. Down to 1,026 in December 2023.

MILESTONES

• Douglas
  • Highest Inventory since January 2019. At 4.6 in December 2023.
  • Lowest New Listings since December 2012. At 80 in December 2023.
  • Lowest Closed Sales since January 2015. At 74 in December 2023.
• Polk and Marion
  • Highest Inventory since March 2023. At 3.5 in December 2023.
• SW Washington
  • Active Listings decreased for the first time in 8 months. Down to 1,011 in December 2023.

NEW GROWTH

• Portland Metro: 318 (-48)
• SW Washington: 116 (-8)
• Lane County: 23 (-10)

ANNUAL SALES VOLUME

• Portland Metro: $12,552,000 (-$4,621,000)
• SW Washington $3,381,000 (-$2,022,000)
• Lane County: $1,832,000 (-$556,000)

We start off with a real estate-themed holiday song and things heat up from there. The holiday season has brought us our first gift and it’s what everyone wanted – more inventory!

The November stats show off a number of positive milestones with inventory highs not seen in 8 years in some cases. So, join us to see if the rest of the stats are delightful, frightful, or just plain insightful!

Listen to Real Talk with RMLS – now on Spotify.

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

REAL TALK WITH RMLS – NOVEMBER 2023 STATISTICAL HIGHLIGHTS

OREGON

• New Listings: 2,976 (-656)
• Active Listings: 8,450 (-395)
• Pending Sales: 2,373 (-412)
• Closed Sales: 2,289 (-458)
• Inventory: 3.7 (+0.5)
• TMT: 59 (+7)
• Avg Sale Price: $534,000 (+$1,700)
• Median Sale Price: $475,000 (No Change)

WASHINGTON

• New Listings: 616 (-171)
• Active Listings: 1,660 (-42)
• Pending Sales: 476 (-108)
• Closed Sales: 455 (-120)
• Inventory 3.7 (+0.7)
• TMT: 59 (+14)
• Avg Sale Price: $539,900 (-$11,900)
• Median Sale Price: $475,000 (-$15,000)

SPIKES 

• Baker
  • Total Market Time spiked upwards from 64 in October to 94 in November 2023.
• Grant
  • Total Market Time spiked upwards from 63 in October to 144 in November 2023.
  • Closed Sales spiked downward from 10 in October to 1 in November 2023.          

STREAKS

• Curry
  • New Listings are on a 6-month downward streak. Down to 29 in November 2023.
• Douglas
  • Pending Listings are on a 4-month downward streak. Down to 87 in November 2023.
• Lane
  • Pending Listings are on a 4-month downward streak. Down to 236 in November 2023.
  • Total Market Time is on a 4-month upward streak. Up to 52 in November 2023.
• North Coastal
  • New Listings are on a 6-month downward streak. Down to 104 in November 2023.
• Portland Metro
  • Pending Listings are on a 6-month downward streak. Down to 1,441 in November 2023.
• SW Washington
  • Active Inventory upward streak broken. Decreased for the first time since March 2023. At 1,213 in November 2023.
  • New Listings are on a 5-month downward streak. Down to 455 in November 2023.

MILESTONES

• Coos
  • Highest Inventory since July 2018. At 4.8 in November 2023.
• Curry
  • Highest Inventory since May 2020. At 9.8 in November 2023.
• Grant
  • Highest Inventory since December 2014. At 47.0 in November 2023.
• Lane
  • Highest Inventory since January 2015. At 2.9 in November 2023.
• Mid-Columbia
  • Highest Inventory since April 2020. At 4.8 in November 2023.
• Portland Metro
  • Highest Inventory since February 2014. At 3.5 in November 2023.
• SW Washington
  • Highest Inventory since February 2015. At 3.7 in November 2023.

NEW GROWTH

• Portland Metro: 366 (-3)
• SW Washington: 124 (+3)
• Lane County: 33 (-1)