RMLS Market Action September 2021
RMLS Market Action for September 2021 was published yesterday. No massive shifts but some trends that are worth watching. Once again, inventory ticked up 1/10th of a month. At this rate, we’ll reach a balanced market some time …
Portland Metro RMLS Market Action
RMLS Market Action Report for August was just released and we aren’t the least bit surprised by the current state of the market. Here are some of the main things we saw in the month of August: The …
RMLS Market Action June 2021
The state of the Portland real estate market was confirmed by June’s RMLS Market Action: crazy; crazy good for sellers and crazy frustrating for buyers. Inventory is one of the market indicators we look at. Conventional wisdom used …
Portland Metro Real Estate Freight Train
May’s RMLS Market Action report was posted today. If it is any indicator to what our market is doing, it’s going up, not down. Seven tenths of a month of home inventory is the lowest it has ever …
How Low Can Portland Metro Housing Inventory Go?
I started real estate in 2003. Only twice, has inventory hit 1.2 months: December 2015 and NOW! It rocketed to 19.2 months in January 2009. Inventory is the ratio of active listings to closed sales. If I had …
RMLS Market Action April 2017
Spring has sprung, maybe the rain will stop. Portland remains one of the hottest markets in the country. Over the past 12 months, the average sales price has increased 11.3%. Demand is clearly outpacing supply and I don’t …
RMLS Market Action: February 2017
The latest Portland market update is out and the Portland Real Estate Market seems to be picking up, if only slightly. February saw a drop in closed sales, but an increase in activity as both new and pending …
RMLS Market Action: October 2016
The traditional seasonal cool down of the market seems to be taking shape in Portland. With the latest numbers in the RMLS Market Action, the winter season is typically a slower season in real estate as focus tends …