Archive for the ‘RMLS Market Action’ Category:

You’ll have to look pretty hard for good news in the October 2010 RMLS Market Action. One bright spot is that there is an increase in the number of closed transaction through October 2010 compared to 2009. This is coupled with a decrease in the number of pending transactions. It means that fewer transactions are failing in escrow which is important and may show a measure of increased confidence in the housing market. It could also be a sign that buyers were so afraid of losing the home buyer tax credit that they settled on something they would have passed on otherwise. (more…)

September 2010′s RMLS Market Action was released on Friday and as mentioned over the weekend on our Facebook Fan Page, Portland’s city inventory remains below the inventory reported as the five county metro area.

I started tracking the five RMLS areas in April and this month added the thicker average line to the graph.  The City inventory is down to 9.1 from 9.5 in August.  The Metro area inventory for September is reported as 10.5 months. (more…)

The Portland real estate market continues to plod along according to June 2010 RMLS Market Action statistics reported on their website.  Last month I started to break the Portland inventory numbers down to a smaller area as the Portland Metro area reported by RMLS encompasses five counties.  The metro chart is on the right and the Portland data is below.  In both cases inventory, the ratio between active and sold listings, increased a little. (more…)

April 2010′s RMLS Market Action reports that inventory is down to 7.3 months.  All look back at over a decade of Aprils in Portland real estate inventory: (more…)

Portland real estate inventory dropped 40% between February and March!  After a two month spike with over 12 months, inventory levels have returned, at least for now, to the levels that we saw during the last half of 2009.  There were positive changes in all of the market metrics: average sales price, median sales price, pending sales, closed sales, inventory levels, and days on market. (more…)

We’re getting a better look at how 2009 wrapped up with yesterday’s release of RMLS Market Action. For the year, there were fewer closings than in 2008 but not by much (18,955 down from 19,132). The rolling 12 month average sales price was down 12.1% to $289,000 (median down 10.8% to $247,000). (more…)

I had an appointment this morning at a listing just after Market Action was published so only covered inventory in this morning’s post.  Pending sales are up over 2008 but closed sales are down.  That says that more transactions are failing in escrow.  A reminder that an accepted offer does not equal a “SOLD” sticker.  Factors that might be included: (more…)

RMLS of Portland just released their Portland real estate market data for November 2009.  Inventory ticked up a little from October’s 6.5 months.  The 9% increase is less than the month on month increase in 2008 but in 2007 the inventory level remained almost static for the same period. (more…)

October 2009 RMLS Market Action for Portland was released yesterday.  The complete RMLS report for all areas is here.  The 6.5 months of inventory is the lowest it has been since August of 2007 and is down 67% since January’s all time high.  Inventory is a ratio of the number of months it would take to sell all the active listings at the current rate of sales. (more…)

RMLS Market Action September 2009 was released today (Portland Metro or whole report).  Inventory dropped slightly from August which contrasts with rises month-over-month in 2007 and 2007 between August and September.

Cumulative days on market is 144 days but a quick search in RMLS shows that 243 properties sold in the last two months with days-on-market of seven or less in Portland. Area-wise: North Portland averages 89 days, NE Portland 84 days, West Portland 152 days, and SE Portland 228 days.  A unit in the South Waterfront’s John Ross recently closed that was 1382 days on market. (more…)