The leaves are falling…but are the key real estate metrics? We’re thankful that you’re here to join us and find out. Grab a cup of sleepytime tea and get ready for the calm, peaceful breakdown of October numbers, as we slice and serve the key data like slices of holiday pie.

Listen to Real Talk with RMLS – now on Spotify.

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

REAL TALK WITH RMLS – OCTOBER 2023 STATISTICAL HIGHLIGHTS

The data below in parentheses is in reference to the previous month. 

OREGON

• New Listings: 3,632 (-770)
• Active Listings: 8,845 (-208)
• Pending Sales: 2,785 (-246)
• Closed Sales: 2,747 (-203)
• Inventory: 3.2 (+0.2)
• Total Market Time: 52 (+5)
• Average Sale Price: $534,400 (-$1,900)
• Median Sale Price: $475,000 (-$8,000)

WASHINGTON

• New Listings: 787 (-39)
• Active Listings: 1,702 (+27)
• Pending Sales: 584 (+1)
• Closed Sales: 575 (-36)
• Inventory 3.0 (+0.2)
• Total Market Time: 44 (+4)
• Average Sale Price: $551,800 (-$100)
• Median Sale Price: $490,000 (-$5,000)

SPIKES

• Mid-Columbia
  • Total Market Time spiked upwards from 57 in September to 97 in October 2023
• Baker
  • Pending Sales spiked upwards from 18 in September to 26 in October 2023
  • Total Market Time as spiked downwards from 119 in September to 64 in October 2023
• Union
  • Total Market Time spiked upwards from 19 in September to 38 in October 2023
• Wallowa
  • New Listings spiked downwards from 14 in September to 6 in October 2023
  • Pending Sales spiked downwards from 11 in September to 4 in October 2023
  • Median Sale Price spiked downwards from $505,000 in September to $287,000 in October 2023.

STREAKS

• Portland Metro
  • Pending Sales are on a 5-month downward streak. Down to 1,625 in October 2023
• SW Washington
  • Active Listings are on a 7-month downward streak. Down to 1,225 in October 2023
  • New Listings are on a 4-month downward streak. Down to 601 in October 2023
• Lane
  • Inventory is on a 4-month upward streak. Reaching 2.5 in October 2023
• North Coastal
  • New Listings are on a 5-month decrease streak. Down to 133 in October 2023
• Douglas
  • Inventory is on a 4-month upward streak. Reaching 4.2 in October 2023

MILESTONES

• Portland Metro
  • Active Listings decreased for the first time since February 2023. At 4,848 in October 2023
• Lane County
  • Active Listings decreased for the first time since February 2023. At 736 in October 2023
• Polk and Marion
  • Active Listings decreased for the first time since April 2023. At 519 in October 2023

NEW GROWTH

• Portland Metro: 369 (+46)
• SW Washington: 121 (+5)
• Lane County: 34 (-50)

BOO! Happy Halloween season. Instead of frights, we have delights for you, including rising inventory numbers and the most active listings in the Portland Metro market since 2019. Tune in for more treats.

Also, our new showing management platform, Aligned Showings, is now live. All that and a Halloween costume contest. Might as well tune in NOW!

Listen to Real Talk with RMLS – now on Spotify.

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

REAL TALK WITH RMLS – SEPTEMBER 2023 STATISTICAL HIGHLIGHTS 

Note: The parenthetical figures below represent the change from the previous month.

OREGON

• New Listings: 4,402 (-506)
• Active Listings: 9,053 (+199)
• Pending Sales: 3,031 (-470)
• Closed Sales: 2,950 (-607)
• Inventory: 3.1 (+0.6)
• TMT: 47 (+3)
• Avg Sale Price: $536,300 (-$19,400)
• Median Sale Price: $483,000 (-$7,000)

WASHINGTON

• New Listings: 826 (-137)
• Active Listings: 1,675 (+59)
• Pending Sales: 583 (-142)
• Closed Sales: 611 (-163)
• Inventory 2.7 (+0.6)
• TMT: 40 (+3)
• Avg Sale Price: $551,900 (-$17,100) 
• Med Sale Price: $495,000 (-$25,000)

SPIKES

•     Columbia Basin
  • Pending Listings spiked downwards from 105 in August to 61 in September 2023
•     Union
  • Total Market Time spiked downwards from 28 in August to 19 in September 2023

STREAKS

• Curry
  • New Listings are on a 4-month downward streak. Reaching 51 in September 2023
• Douglas
  • New Listings are on a 4-month downward streak. Reaching 155 in September 2023
• Polk and Marion
  • Active Listings are on a 4-month downward streak. Reaching 552 in September 2023
• Portland Metro
  • Active Listings are on a 4-month downward streak. Reaching 4,895 in September 2023
• Portland Metro
  • Pending Listings are on a 4-month downward streak. Reaching 1809 in September 2023
• SW Washington
  • New Listings are on a 6-month downward streak. Reaching 1,182 in September 2023

MILESTONES

• Columbia Basin
  • Active Listings at the highest point since September 2017. At 283 in September 2023
• Mid-Columbia
  • Active Listings decreased for the first time since February 2023. At 283 in September 2023
• North Coastal
  • Active Listings decreased for the first time since January 2023. At 592 in September 2023
• Portland Metro
  • Active Listings at highest point since November 2019. At 4,895 in September 2023

NEW GROWTH

• Portland Metro: 323
• SW Washington 116
• Lane County: 36

AFFORDABILITY

• Lane County: 78%
• Portland Metro: 84%
• SW Washington: 83%

Whether you prefer Buster Poindexter or Buster Keaton, this episode’s for you! We take a look at those ‘hot, hot, hot’ August statistics and break down how they’re changing from last month and how they stack up to last year. The results give you the chance to decide if you’re an optimist or a pessimist, so tune in.

All that, a plea for Satisfaction Survey participation, a reminder about a new CMA releasing for Paragon in September, AND the imminent unveiling of our new showing software. Don’t miss it!

Listen to Real Talk with RMLS – now on Spotify!

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

REAL TALK WITH RMLS – AUGUST 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,908 (+102)
• Active Listings: 8,854 (+516)
• Pending Sales: 3,501 (-171)
• Closed Sales: 3,557(+443)
• Inventory: 2.5 (-0.2)
• Total Market Time: 44 (+7)
• Avg Sale Price: $555,700 (-$5,200)
• Median Sale Price: $490,000 (-$5,000)

WASHINGTON

• New Listings: 963 (-6)
• Active Listings: 1,616 (+73)
• Pending Sales: 725 (-118)
• Closed Sales: 774 (+78)
• Inventory 2.1 (-0.1)
• Total Market Time: 37 (-1)
• Avg Sale Price: $569,000 (-$2,800)
• Med Sale Price: $520,000 (-$11,900)

SPIKES

• Baker
  • Closed Sales spiked upward from 15 in July to 27 in August 2023
  • Average Sale Price spiked downward from $820,400 in July to $339,700 in August 2023
  • Total Market Time spiked upward from 94 in July to 197 in August 2023
• Curry
  • Total Market Time spiked upward from 57 in July to 96 in August 2023
• North Coastal
  • Closed Sales spiked upward from 114 in July to 164 in August 2023
  • Total Market Time spiked upward from 31 in July to 62 in August 2023

STREAKS

• Douglas
  • Active Listings are on a 5-month upward streak, reaching 396 in August 2023
• Grant
  • Active Listings are on a 5-month upward streak, reaching 43 in August 2023
• Lane
  • Active Listings are on a 6-month upward streak, reaching 43 in August 2023
• Mid-Columbia
  • Active Listings are on a 6-month upward streak, reaching 299 in August 2023
• North Coastal
  • Active Listings are on a 7-month upward streak, reaching 593 in August 2023
• Polk and Marion
  • Active Listings are on a 4-month upward streak, reaching 506 in August 2023
• Portland Metro
  • Active Listings are on a 6-month upward streak, reaching 4,782 in August 2023
• SW Washington
  • Active Listings are on a 5-month upward streak, reaching1,137 in August 2023

MILESTONES

• Coos
  • Active Listings decreased for the first time since March 2023, dropping to 300 in August 2023
  • Total Market Time increased for the first time since March 2023, rising to 56 in August 2023
• Curry
  • Active Listings decreased for the first time since January 2023, falling to 208 in August 2023
• Lane
  • Active Listings at the highest point since September 2019, reaching 763 in August 2023
• Portland Metro
  • Total Market Time increased for the first time since February 2023, rising to 2,053 in August 2023

NEW GROWTH

• Portland Metro: 326 (+9)
• SW Washington 108 (+3)
• Lane County: 35 (+13)

Our Real Talk team hosts a far-ranging discussion that touches on the annual real estate activity cycle, the comfort of predictable results, the drop in foreign investment in U.S. homes, and how July stats stack up against the previous year.

Come to learn why Baker County broke a record for their average sale price and stick around to learn about the RMLS Subscriber Satisfaction Survey and the upcoming Remine-focused Lunch & Learn. We look forward to you joining us!

Listen to Real Talk with RMLS – now on Spotify!

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

REAL TALK WITH RMLS – JULY 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,806 (-676)
• Active Listings: 8,338 (+464)
• Pending Sales: 3,672 (-96)
• Closed Sales: 3,114 (-346)
• Inventory: 2.7 (+0.4)
• TMT: 37 (-5)
• Avg Sale Price: $560,900 (+$700)
• Median Sale Price: $495,000 (-$4,900)

WASHINGTON

• New Listings: 969 (-151)
• Active Listings: 1,543 (+59)
• Pending Sales: 843 (+42)
• Closed Sales: 696 (+20)
• Inventory 2.2 (+0.3)
• TMT: 38 (+2)
• Avg Sale Price: $571,800 (-$17,200)
• Med Sale Price: $531,900 (+$1,900)

 SPIKES

• Baker
  • Days on Market spiked upward from 95 in June to 197 in July 2023
• North Coastal
  • Days on Market spiked downward from 62 in June to 31 in July 2023

STREAKS

• Coos County
  • Active Counts are on a 4-month upward streak, reaching 301 in July 2023
  • Days On Market are on a 4-month downward streak, hitting 43 in July 2023
• Curry County
  • Active Counts are on a 6-month upward streak, reaching 214 in July 2023
• Douglas County
  • Active Counts are on a 4-month upward streak, hitting 362 in July 2023
  • Pending Counts are on a 5-month upward streak, reaching 156 in July 2023
• Lane county
  • Active Counts are on a 5-month upward streak, hitting 648 in July 2023
• Mid-Columbia
  • Active Counts are on a 5-month upward streak, reaching 272 in July 2023
• North Coastal
  • Active Counts are on a 5-month upward streak, hitting 588 in July 2023
• Portland Metro
  • Active Counts are on a 5-month upward streak, reaching 4,550 in July 2023
• SW Washington
  • Active Counts are on a 4-month upward streak, hitting 1,054 in July 2023

 MILESTONES

• Columbia Basin
  • Active Counts are at the highest point (245) since September 2018
• Curry County
  • Active Counts are at the highest point (214) since December 2019
• Portland Metro
  • Days on Market stopped decreasing (33) for the first time since February 2023
• SW Washington
  • Days on Market stopped decreasing (34) for the first time since February 2023

RECORD BREAKERS

• Baker
  • Baker reached their all-time highest Average Sale Price of $820,400. This is due to a residential property selling for $7,400,000 in July.

NEW GROWTH

• Portland Metro: 317 (-4)
• SW Washington 105 (+3)
• Lane County: 22 (-1)

AFFORDABILITY

• Portland Metro: 84%
• SW Washington: 85%
• Lane County: 83%

Trends in Oregon and Washington heading in different directions? Portland Metro’s Average Sale Price back above $600,000 or the first time since August 2022? Affordability for Portland and SW Washington in the first quarter of 2023 both indicating that $114,434 can afford 89% of a monthly mortgage payment on a median priced home?

Yes, indeed. Give us a listen to learn about all that and more — more market stats and trends, more RMLS updates (including the lowdown on our new weekly highlights infographic available to our subscribers), and more statistical bliss — in just under 10 minutes.

Listen to Real Talk with RMLS – now on Spotify!

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

REAL TALK WITH RMLS – APRIL 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,232 (+75)
• Active Listings: 5,962 (+411)
• Pending Sales: 3,523 (+169)
• Closed Sales: 2,728 (-177)
• Inventory 2.2 (+0.3)
• TMT: 53 (-8)
• Avg Sale Price: $543,900 (+$18,700)
• Med Sale Price: $480,000 (+$5,000)

WASHINGTON

• New Listings: 781 (-106)
• Active Listings: 995 (-25)
• Pending Sales: 752 (+28)
• Closed Sales: 579 (-34)
• Inventory 1.7 (flat)
• TMT: 47 (-26)
• Avg Sale Price: $554,800 (+$19,300)
• Med Sale Price: $495,000 (+$5,000)

 SPIKES

• Curry County
  • New Listings increased from 40 in March 2023 to 59 in April 2023
• Union County
  • Pending Sales increased from 13 in March 2023 to 28 in April 2023
  • Total Market Time increased from 50 in March 2023 to 77 in April 2023
• Wallowa
  • Total Market Time increased 4 spots in March 2023 to 109 in April 2023
  • Average Sale Price increased from $299,000 in March 2023 to $499,500 in April 2023

STREAKS

• Columbia Basin
  • New Listings are on a 4-month increase, up to 118 in April 2023
• Grant County
  • Pending Sales are on a 4-month increase, up to 10 in April 2023
• Josephine County
  • Pending Sales are on a 4-month increase, up to 8 in April 2023
• SW Washington
  • Average Sold Price Change is on a 4-month increase, up to -0.2% in April 2023
• Wallowa County
  • New Listings are on a 4-month increase, up to 11 in April 2023

 MILESTONES

• Portland Metro
  • The Average Sale Price is back above $600,000 ($606,100 in April 2023) since falling below that line in August 2022.
• North Coastal
  • The Average Sale Price is at the highest point ($593,300 in April 2023) since July 2022.

NEW GROWTH

• Portland Metro: 318 (+26)
• SW Washington 91 (-15)
• Lane County: 15 (-1)

AFFORDABILITY

• In Lane County, a family earning the median income ($89,061 in 2023, per HUD) can afford 86% of a monthly mortgage payment on a median priced home (which was $423,200 in March).
• In Portland Metro, the median income of $114,434 in 2023 can afford 89% of a monthly mortgage payment on a median priced home ($525,000 in March).
• And in SW Washington, A family earning $114,434 in 2023 can afford 89% of a monthly mortgage payment on a median priced home ($525,900 in March).