Smart Money’s 25 Cities Ready To Rebound

The print version of November’s Smart Money has a story on 25 real estate markets ready to rebound. Portland isn’t one of them. Seattle is #25. The story claims that the complete list of 100 markets can be… Read More

RMLS and Photos

We live in an ever increasingly digital age. A picture was worth a thousand words and was as close to the truth as you were likely to get. With mainstream digital photography and photo editing software, a photo… Read More

RMLS Market Action August 2008

August continues the recent declining trend in our market. “The average sale price for August 2008 was down 9.7% compared to August 2007, while the median sale price dropped 6.7%. Month-to-month, the average sale price and median sale… Read More

Changes to RMLS Market Action

In the next few days we should be seeing the August edition of RMLS Market Action. The report is changing: We’ve added a new column to the Residential Market Highlights and the Area Report in Market Action called… Read More

RMLS Market Action March

Let’s talk inventory here. RMLS calculates inventory by talking the number of available listings at a fixed point and dividing by the current rate of closed sales: if there were 100 homes on the market and they are… Read More

August RMLS Market Action

The August Market Action report is out. While the appreciation numbers still continue to look great at 16.4% over the last 12 months, the numbers may be misleading. Appreciation over the previous 12 months as reported by RMLS:… Read More

RMLS Market Action- February

Quoting RMLS Market Action for February, published March 15th: February Residential Highlights The number of homes changing hands in the greater Portland Metro area is up again. When comparing February 2006 to the same month of the previous… Read More

Inventory Continues its Decline

RMLS’s May 2005 Market Action report is out and it confirms that available listings continue to drop. This month’s magic number is 1.6. That translates to if we stopped taking listings today, there would be nothing to sell… Read More

Portland Real Estate Market Action

RMLS’s Market Action confirms what we already know. The market is tight. Inventory is down to 1.8 months. The report continues: Appreciation To calculate sale price appreciation, prices for the twelve months that ended with March 2005 are… Read More