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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 …

Q4 Market Update

Market Update for Q4 2020

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 …

RMLS Market Action August 2016: Taking a longer look at the market

To some, the latest edition of the RMLS market action may look like the market might be on a downturn first glance, and it certainly does without context. Zooming out and taking a longer look at what the …

RMLS Portland Market Action: May 2016

Recently there has been a lot of suggestion that the red hot Portland real estate market may be cooling down a bit. People feel like they are seeing less activity on the market, more houses available, etc. Is …