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%

September is typically back to school month for kids, so we’re bringing a cartoonish focus to our breakdown of the September statistics.

Join us for the animated hijinks!

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 – SEPTEMBER 2022 STATISTICAL HIGHLIGHTS 

OREGON

• New Listings: 4,903 (-343)
• Active Listings: 8,371 (+204)
• Closed Sales: 3,742 (-418)
• Inventory 2.2 (+0.2)
• TMT: 37 (+8)
• Avg Sale Price: $544,500 (-$11,000)
• Med Sale Price: $495,000 (-$5,000)

WASHINGTON

• New Listings: 938 (-164)
• Active Listings: 1,711 (-53)
• Closed Sales: 827 (-82)
• Inventory 2.1 (+0.2)
• TMT: 37 (+7)
• Avg Sale Price: $546,400 (-$20,500)
• Med Sale Price: $499,000 (-$7,750)

SPIKES

• Mid-Columbia
  • New Listings drop 37 spots from previous month
• North Coastal
  • New Listings fall 76 spots from 232 in August to 134 in September

STREAKS

• Baker County
  • Fourth month of decreased TMT, down to 41
• Polk & Marion
  • Active listings increased for the eigth straight month, going up to 569

STREAK BREAKERS (NEW CATEGORY!)

• Coos County
  • After 8 months of increasing Active Listings, Coos saw a decrease down to 210 this month
  • After 5 months of increased Pending Sales, those went down to 94 in September.

MILESTONES

• Lane County
  • Pending Sales were below 400 (at 381) for the first time since February 2022.
• Polk & Marion
  • Highest Inventory (2.7) since January 2020
  • Highest Active listings (569) since November 2019
  • Lowest Pending Sales (214) since December 2021
• Portland Metro
  • Highest Inventory (2.2) since May 2020
  • Lowest Pending Sales (2003) since December 2021
• SW Washington
  • Lowest New Listings (747) since January 2020
  • Highest TMT (35) since January 2021

NEW GROWTH

• Portland Metro: 349 (+7)
• SW Washington 122 (+5)
• Lane County: 19 (+19)

July is a game of Chutes and Ladders – some stats are climbing up those ladders, and others are tumbling down the chutes. Which direction did inventory head? Tune in to find out!

Our latest podcast covers the July Market Action numbers, trends, and takeaways, and reminds RMLS subscribers to take our Subscriber Satisfaction Survey.

Join Beth Raimer and John Ayers for the best 15 minutes of your work week.

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

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

July Statistics

We’re now offering a handy written breakdown of the numbers and trends mentioned in the podcast.

OREGON

• New Listings: 6,066 (-712)
• Active Listings: 8,155 (+1,123)
• Closed Sales: 3,844 (-784)
• Inventory 2.1 (+0.6)
• TMT: 24 (+2)
• Avg Sale Price: $569,700 (-$17,500)
• Med Sale Price: $515,000 (-$5,000)

WASHINGTON

• New Listings: 1,284 (-195)
• Active Listings: 1,786 (+537)
• Closed Sales: 848 (-105)
• Inventory 2.1 (+0.4)
• TMT: 24 (+5)
• Avg Sale Price: $499,900 (-$78,900)
• Med Sale Price: $548,700 (+$33,700)

SPIKES

• Active Listings
  • Portland Metro: 4,739 (+654)
• New Listings
  • Douglas County: 161 (-70)
  • Union County: 31 (-25)

STREAKS

• Baker County: fourth month of increased Active listings
• Columbia Basin: sixth month of increased Active listings
• Coos County: sixth month of increased Active listings
• Douglas County: fifth month of increased Active listings
• Mid-Columbia: fourth month of increased Active listings
• Polk & Marion: fifth month of increased Active listings
• Portland Metro: sixth month of increased Active listings
• Portland Metro: Total Market Time stopped increasing for first time in 6 months
• SW Washington: sixth month of increased Active listings
• North Coastal: sixth month of increased Pending Sales
• North Coastal: New listings stopped increasing for first time since December 2022

MILESTONES

• Baker County: Active listings were above 75 for the first time since June 2020
• Columbia Basin: Highest Active listings since July 2019
• Coos County: Active listings above 220 for the first time since July 2020
• Polk & Marion: Active listings above 480 for the first time since May 2020
• SW Washington: Active listings were above 1,200 for the first time since June 2020

NEW GROWTH

• Portland Metro: 323 (+74)
• SW Washington 108 (-1)
• Lane County: 17 (flat)

AFFORDABILITY

• Lane County: 85%
• Portland Metro: 86%
• SW Washington 91%

Inventory is up, prices are down, and we’re filling in all the other statistical details you need to understand the current market.

Our latest podcast covers the June Market Action numbers and discusses which regions are seeing statistical spikes, which records are being broken, and how much new construction is hitting the market.

Join Beth Raimer and John Ayers for the latest market and RMLS news that affects your business.

Don’t forget to subscribe to Real Talk with RMLS onApple Podcasts orGoogle Podcasts!

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

New Content! We’re now offering a handy written breakdown of the numbers and trends mentioned in the podcast. OREGON

• New Listings: 6,778 (+608)
• Active Listings: 7,032 (+1,980)
• Closed Sales: 4,628 (+143)
• Inventory 1.5 (+0.4)
• TMT: 22 (flat)
• Avg Sale Price: $587,200 (-$13,100)
• Median Sale Price: $520,000 (-$2,500)

WASHINGTON

• New Listings: 1,479 (+8)
• Active Listings: 1,249 (+390)
• Closed Sales: 953 (-1)
• Inventory 1.7 (+0.4)
• TMT: 19 (-1)
• Avg Sale Price: $578,800 (-$300)
• Median Sale Price: $515,000 (-$5,000)

SPIKES

• Active Listings
  • Baker County: 64 (+10)
  • Columbia Basin: 180 (+33)
  • Douglas County: 355 (+83)
  • Lane County: 533 (+145)
  • Mid-Columbia: 236 (+55)
  • Portland Metro: 4,085 (+1303)
  • SW Washington: 1,187 (+413)
  • Union County: 64 (+13)
• Closed Sales
  • Columbia Basin: 119 (+40)

STREAKS

• Columbia Basin, Coos County, Mid-Columbia, North Coastal, and Portland Metro: fifth month of increased Active listings
• Douglas County: fourth month of increased Active listings
• Lane County: fifth month of decreased Average Market Time (18 days)
• Portland Metro: sixth month of increased New Listings
• Union County: fifth month of increased New Listings

RECORD BREAKERS

• Polk & Marion: All-time highest Median Sale Price ($450,500)
• Portland Metro: Tied for all-time lowest Average Market Time (18)
• SW Washington: Tied for lowest all-time Average Market Time (16)
• SW Washington: All-time highest Average Sale Price ($611,400)

MILESTONES

• Baker County: Active listings were above 70 for the first time since July 2020
• Portland Metro: Active listings were above 4000 for the first time since July 2020
• SW Washington: Active listings were above 1,100 for the first time since July 2020

NEW GROWTH

• Portland Metro: 249 (+53)
• SW Washington 109 (+16)
• Lane County: 17 (+14)