Archive for the ‘Real Estate Market Stats’ Category:

RMLS released the latest edition of Market Action yesterday.  The Portland Metro market report shows that inventory bumped up from a month ago.  Closed sales are up but the number of new listings is down.  The 8514 active listings are the fewest in three years.  With more buyers competing for fewer listings we’ve heard some lament that they are not finding what they are looking for because there are too few houses to select from.

Average sales price is $249,100 which is about the same as it was this time last year and at the beginning of 2005.  The question for 2012 is whether prices will follow the same trend as 2011 where there were gains in the first part of the year lost in the second half or do something completely different?  Lower prices and the lowest interest rates in years have pushed Portland’s Affordability Index to the highest level since reporting began in September 2003.

Here are links to all of January’s Market Action Reports.

All Areas (68 pages)- Baker County- Columbia Basin- Coos County- Curry County- Douglas County- Grant County- Lane County – Mid-Columbia – North Coastal Counties- Polk & Marion Counties – Portland Metro- SW Washington- Union County- Wallowa County

Graphs from RMLS.

I’m just heading down to the OPB studio for this morning’s Speak Out Loud segment at 9:00 AM.  Here are the links to the December 2011 RMLS Market Action reports:

• - All Areas (68 pages)
• - Baker County
• - Columbia Basin
• - Coos County
• - Curry County
• - Douglas County
• - Grant County
• - Lane County
• - Mid-Columbia
• - North Coastal Counties
• - Polk & Marion Counties
• - Portland Metro
• - SW Washington
• - Union County
• - Wallowa County

This Willamette Valley Multiple Listing Service’s year end report.

Here’s the link to my comparison of the average sales price of the local Portland areas for 2010 and 2011.

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“Housing prices looking up, sort of.”

“Portland Home Price drop 8.4%“

The first headline is by Eliot Njus of the Oregonian (print version, I can’t find it online).  The second is Wendy Culverwell’s of the Portland Business Journal.  Both headlines refer to yesterday’s release of the July 2011 Case Shiller Index.  The two articles are an complete study in contrast.  The Oregonian article leads with the Index being up, though barely, for the fourth consecutive month and then discusses the fact that over the last 12 months the Portland real estate market has dropped 8.4%.  The Business Journal story is all about the twelve month decline in the first half of the story.

The Business Journal story was a part of the DailyUpdate email I get daily from the Biz Journal yesterday afternoon.  I had this comment, posted on their site yesterday: (more…)

We’re not in 2007 anymore. Case Shiller Index numbers for Portland real estate were released this morning. Since the market peaked in July of 2007 Portland has given back 27.7% according to the Index. The Case Shiller Index was set to 100 in 2000. Portland, at 135.8, is still well ahead of that but Las Vegas, Atlanta and Cleavland have joined Detroit in the sub-100 category.

Depending on where you sit determines your outlook. As I’m writing this as a commercial for the Pacifica Condominiums ran on the evening news “Auction prices 67% below original asking…” As a buyer, that’s great news/an opportunity. The Pacifica Auction takes place April 10th.

Those of us that bought property after February 2005, all other things being equal, have negative equity according to the Index.  The Index reports on a seven county MSA and areas in the outer areas have been harder hit.  Short sale and foreclosures will remain a part of our market for quite some time. (more…)

We saw an increase in Portland metro real estate inventory to 11 months in the recently released RMLS Market Action.  For the last few months I’ve been tracking the local Portland RMLS areas as well so that we can see how area specific real estate can be.  The upward trend continued on the east side of the Willamette River but on the West side there were some declines. (more…)

What’s selling in Portland?  This morning’s search shows the active listings and pending listings in Portland.  I used our proprietary Client Connect search software that feeds from RMLS. (more…)

RMLS Market Action for the Portland metro area was released on Friday.  Metro area inventory spiked to 10.8 from June’s 7.3.  The increase comes from both a rise in active listing and a slow down in closed sales.

I’ve also started to break down inventory by RMLS area for Portland.  Five areas make up Portland and we can see that they do not mirror the larger metro market other than they are all increasing.  City of Portland inventory, at 9.3, is a month shorter than the Metro but the smaller neighborhood areas lag or lead the city and metro rates. (more…)

Click to for larger image

Did you get your Market Tracker report on Sunday?  Market Tracker is emailed automatically from our system for any of the RMLS area zip codes on the first Sunday night of the month.  We can set you up for up to ten zip codes.  Use the “additional comments” portion of the form to let us know which ones you would like included in the report. (more…)

The RMLS Market Action report for May 2010 was published today.  I’ve written a post every month since 2005 when the blog began on the Portland Metro report.  We’ve watched the Portland real estate market rise, fall and now level off, each month reporting inventory as an indicator of market health.  I’m going to continue to do that but also look closer at the five RMLS areas that make up most of Portland.  Portland Metro for RMLS is made up of five counties, a smaller area than seven county the Portland MSA, but still a large area when  real estate is considered so local. (more…)

“Portland real estate.”  We use the phrase all of the time. So where exactly is Portland? Wikipedia lists 21 Portlands in the United States but what is that we are talking about once we decide we are talking about Portland, Oregon real estate?

The Case Shiller Index uses the Portland MSA, the 23rd largest in the country, for its reporting on the Portland real estate market. It encompasses seven counties. The is a map of the Portland MSA on last week’s post. A drive from the southwest corner of the MSA to the northeast corner would be over 140 miles. (more…)