How is the March market looking in comparison to February? Which trajectories have continued rising or falling? Where are the notable statistical spikes?

Join Beth and Terry to find out! We’ve got the the highlights and analysis of the most recent available market stats along with reminders about RMLS happenings.

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

REAL TALK WITH RMLS – MARCH 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,157 (+1,215)
• Active Listings: 5,551 (+150)
• Pending Sales: 3,354 (+596)
• Closed Sales: 2,905 (+590)
• Inventory 1.9 (-0.4)
• TMT: 61 (-10)
• Avg Sale Price: $525,200 (+$10,200)
• Med Sale Price: $475,000 (+$10,000)

WASHINGTON

• New Listings: 887 (+299)
• Active Listings: 1,020 (+53)
• Pending Sales: 724 (+98)
• Closed Sales: 613 (+94)
• Inventory 1.7 (-0.2)
• TMT: 73 (flat)
• Avg Sale Price: $535,500 (+$12,700)
• Med Sale Price: $490,000 (+$100)

 SPIKES

• Baker County
  • Pending Sales increase: 9 in February 2023 to 22 in March 2023
• Columbia Basin
  • Closed Sales increase: 39 in February 2023 to 73 in March 2023
• Curry County
  • New Listings increase: 25 in February 2023 to 40 in March 2023
• Lane County
  • New Listings increase: 285 in February 2023 to 400 in March 2023
• Portland Metro
  • New Listings increase: 1,764 in February 2023 to 2,623 in March 2023
• SW Washington
  • New Listings increase: 461 in February 2023 to 701 in March 2023

STREAKS

• Coos County
  • Active Count 7-month decrease: Down to 171 in March 2023
• Polk and Marion
  • Active Count 4-month decrease: Down to 355 in March 2023
• SW Washington
  • Active Count 5-month decrease streak: Down to 681 in March 2023

 RECORD BREAKERS

• Wallowa
  • Tied with February 2017 for lowest all time closed sales: At 1 in March 2023
  • Lowest all time Average Total Market Time: At 4 days in March 2023

NEW GROWTH

• Portland Metro: 292 (+27)
• SW Washington 106 (-4)
• Lane County: 16 (-13)

We welcome new cohost Terry Romel to the podcast and then dive into the February stats. Inventory took a plunge while Time on Market and Closed Sales were up. Beth and Terry give you the trends, interesting outliers, and all the RMLS updates you need.

Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts! 

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

REAL TALK WITH RMLS – FEBRUARY 2023 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 2,942 (-189)
• Active Listings: 5,401 (-200)
• Closed Sales: 2,315 (+498)
• Inventory 2.3 (-0.8)
• TMT: 71 (+5)
• Avg Sale Price: $515,000 (+$22,700)
• Med Sale Price: $465,000 (+$24,500)

WASHINGTON

• New Listings: 582 (-91)
• Active Listings: 967 (-99)
• Closed Sales: 519 (+110)
• Inventory 1.9 (-0.7)
• TMT: 73 (+14)
• Avg Sale Price: $522,800 (-$200)
• Med Sale Price: $489,900 (+$14,900)

 SPIKES

• North Coastal
  • Closed Sales increased from 71 in January 2023 to 100 in February 2023.
• Polk and Marion
  • Total Market Time dropped down from 75 in January 2023 to 55 in February 2023.
• Portland Metro
  • Closed Sales increased from 1,088 in January 2023 to 1434 in February 2023.

STREAKS

• Columbia Basin
  • Active Listings are on 4-month downward streak, down to 189 in February 2023.
  • Closed Sales continued a 5-month decrease streak: coming in at 39 in February 2023.
• Curry
  • Closed Sales are also on a 5-month streak downward, down to 16 in February 2023.
• Douglas
  • Active Listings are on a 4-month streak down, coming in at 309 in February 2023.
• Mid-Columbia
  • Total Market Time was up for the fourth month, reaching 95 in February 2023.

 RECORD BREAKERS

• Josephine

  • Closed Sales hit an all-time low with 0 in February 2023.

NEW GROWTH

• Portland Metro: 265 (-21)
• SW Washington 110 (+11)
• Lane County: 29 (+7)

What do we like? More inventory! When do we want it? Now! Well, November has you covered for inventory increases. The rest of the numbers? You’ll have to tune in to see. We pick apart the stats and market details that make an agent’s life easier, all in about 10 minutes.

Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts! 

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

REAL TALK WITH RMLS – NOVEMBER 2022 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 2,808 (-1,202)
• Active Listings: 7,602 (-636)
• Closed Sales: 2,633 (-602)
• Inventory 2.9 (+0.4)
• TMT: 45 (+6)
• Avg Sale Price: $531,800 (-$1,500)
• Med Sale Price: $475,000 (-$10,000)

WASHINGTON

• New Listings: 608 (-199)
• Active Listings: 1,504 (-183)
• Closed Sales: 586 (-86)
• Inventory 2.6 (+0.1)
• TMT: 48 (+4)
• Avg Sale Price: $548,200 (+$12,600)
• Med Sale Price: $490,000 (-$9,900)

SPIKES

• Curry County
  • The Average Sale Price jumped from $425,200 in October 2022 to $522,300 in December 2022.
• Douglas County
  • New Listings dropped 156 spots in October 2022 to 112 in December 2022.
• Lane County
  • Closed Sales dropped 288 places in October 2022 to 207 in November 2022.
• Mid-Columbia
  • New Listings dropped 82 spots in October 2022 to 53 in November 2022.
• Union County
  • New Listings fell 30 places in October 2022 to 17 in November 2022.
  • Pending Sales went down 37 spots in October 2022 to 11 in November 2022.
  • Total Market Time spike went down from 78 in October 2022 to 33 in November 2022.

STREAKS

• Lane County
  • New Listings are on a five-month downward streak, down to 254.
• Polk & Marion
  • Active Listings have been up for nine months, totaling 573 in November.
  • New Listings are on a four-month downward streak, hitting 212 in November.
• Portland Metro
  • New Listings are on a 45-month fall, hitting 1,666 November.
• SW Washington
  • New Listings are down for the fifth month, reaching 494 in November.

MILESTONES

• Columbia Basin
  • Lowest Pending Count since December 2019. Pending count at 49 in November 2022.
• Coos County
  • Lowest Closed Sales since February 2019. Closed Sales at 61 in November 2022.
• Lane County
  • Lowest Pending sales since December 2013. Pending Sales at 207 in November 2022.
• Portland Metro
  • Lowest Pending Sales since December 2013. Pending Sales at 1,498 in November 2022.
  • Lowest Closed Sales since January 2019. Closed Sales at 1621 in November 2022.

NEW GROWTH

• Portland Metro: 338 (+23)
• SW Washington 117 (-4)
• Lane County: 30 (flat)

Which way did the October market trend? Were consumers homeward bound or did market transactions seemed poised to fall apart like a house of cards?

Listen to our latest podcast which delivers an essential market overview in just 10 minutes.

Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts! 

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

REAL TALK WITH RMLS – OCTOBER 2022 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,010 (-893)
• Active Listings: 8,238 (-133)
• Closed Sales: 3,235 (-507)
• Inventory 2.5 (+0.3)
• TMT: 39 (+2)
• Avg Sale Price: $533,300 (-$11,200)
• Med Sale Price: $485,000 (-$10,000)

WASHINGTON

• New Listings: 807 (-131)
• Active Listings: 1,687 (-24)
• Closed Sales: 672 (-155)
• Inventory 2.5 (+0.4)
• TMT: 44 (+7)
• Avg Sale Price: $535,600 (-$10,800)
• Med Sale Price: $499,900 (+$900)

SPIKES

• Columbia Basin
  • New Listings drop 42 spots to 79 total in October
• Mid-Columbia
  • The Average Sales Price dropped $47,800 from the previous month, coming in at $457,200.

STREAKS

• Columbia Basin
  • Ninth month of increased Active listings: Up to 243 in Oct.
• Lane County
  • New listings are on a four-month downward streak, down to 357.
  • Total Market Time is up for the fourth straight month, coming in at 34.
• Polk & Marion
  • Active listings have been up for eight months, totaling 572 in October.
• Portland Metro
  • Total Market Time is up for the fourth month, reaching 38.
• SW Washington
  • New listings are down for the fourth month, hitting 636 in October.

MILESTONES

• Polk & Marion
  • Pending Sales were at 190, the lowest point since December 2021.
• Portland Metro
  • Pending Sales were at 1835, the lowest since December 2019.
  • Total Market Time (38) is the highest since January 2022.
• SW Washington
  • New listings hit their lowest since December 2021, coming in at 636.
  • Pending Sales were the lowest since December 2013. 490 total.
  • Closed Sales were the lowest (536) since January 2022.
  • Total Market Time at the highest point (43) since October 2020.

NEW GROWTH

• Portland Metro: 315 (-34)
• SW Washington 121 (-1)
• Lane County: 30 (+11)

AFFORDABILITY

• Portland Metro: 83%
• SW Washington 87%
• Lane County: 79%