Archive for the ‘RMLS Market Action Report’ Category

RMLS Portland Metro Market Action Report for October 2014

Friday, November 14th, 2014

The RMLS Market Action Report for October 2014 just came out and with it some, well; expected numbers.

First off, inventory dropped a bit from 3.1 months worth of inventory in September to just 2.8 months of inventory. This is a normal figure for this time of year with the last two years also dropping at the same time, from 3.7 to 3.4 in 2013 and from 4.6 to 3.8 in 2012.

 

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September 2014 RMLS Market Action Report

Wednesday, October 29th, 2014

The September RMLS Market Action Report is out and is showing the market is still quite strong for sellers with inventory still low in terms of number of months. RMLS shows 3.1 months for September. My own number tracking shows us running around 80 days currently (seems to be decreasing for October, which is not the norm).

Other highlights include solid gains for the average sale price as well which for September was $338,100 up 6.6% from September 2013 and 7.4% for year to date, but that is down .6% from August. My own numbers show we are currently hovering around the $360,000 mark so it is still increasing currently in late October.

Typically we would be seeing a solid slow down in the market right now and while we are seeing that with inventory over all, down from over 6,400 homes in early September to just barely 5,800 now, usually we would be seeing larger jumps in the inventory in terms of months worth of inventory, but we’re not seeing that with only a .1 /month jump for September from August where as in 2013 that same jump was .6 and in 2012 it was .7.

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RMLS Market Action Report for July 2014

Friday, August 15th, 2014

It’s that time of the month again; the RMLS Market Action Reports are out for July 2014. I generally focus on the Portland Metro report as that’s the market I operate in, however if you want the report for other areas please feel free to shoot me an email and I’ll get it to you.

For July inventory slipped slightly from 2.8 months of inventory at current buying activity to 2.9 months, just about a negligible change. The average sale price however has increased slightly from $334,800 in June to $344,700 in July; or roughly 2.85%. From the same period in 2013 however it’s jumped 7.9% ($326,500 in July 2013).

We are likely to see the inventory levels rise however as A) It’s normal for this time of year moving forward and B) at 3,954 new listings for July 2014 that’s 2% more than July 2013 which is actually a 3% drop from 4,078 new listings in June of this year. Of course with all of this said we saw an increase in pending sales (accepted offers) in July 2014 compared to July 2013 (2.3% better) but a drop from June 2014 of 5.5%. Last but not least, following suit with the drop/increase trend are closed sales increasing 2.3% from last July and dropping 3.2% from June 2014.

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RMLS June 2014 Market Action Report

Monday, July 28th, 2014

For the 3rd straight month in a row inventory in the Portland real estate market has been at 2.8 months, the lowest in 2014 (well, along with April & May of course) and the lowest since May 2013 which hit 2.5 months.

This is the June 2014 RMLS Portland Metro Area Market Action Report.

Other highlights from this report include a 4.2% increase in sales from the same month last year and the average sale price increasing a whopping 8.7% also from the same month last year; that’s huge!

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RMLS Portland Market Action Report for January 2014

Monday, February 17th, 2014

The January 2014 RMLS Market Action Report for the Portland Metro & Surrounding areas is out and is showing yet again the Portland real estate market has become a much more healthy and stable market. This positive outlook was market wide for the Portland area, officially, when almost a year ago back in April of 2013, NW Washington County was the last Portland Metro RMLS area to leave depreciating numbers behind; hopefully for good!

Inventory just about always slips in January (that is, it rises) and this year is no different with inventory going from 3.2 months in December 2013 to 4.1 months in January 2014 and when you look at current pending sales you can see that inventory could slip again in February.

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Significant Drop in RMLS Data for 2013 Distressed Sales As A Total of All Sales

Monday, February 10th, 2014

Hot off the RMLS Blog is a report showing some of the statistics for distressed properties in the RMLS market for 2013 compared to the same data from 2012 and the one that caught my attention right off the bat was the percent of total sales.

In 2012 for “All [RMLS] Areas” distressed properties accounted for 28.6% of the market, in 2013 that number was almost half of that (thanks Clark county for the “almost”) at 15.1%.

For the Portland Metro market we hit BELOW half, 2012 was 28.2%, 2013 was 13.2%.

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December RMLS Market Action Report

Thursday, January 16th, 2014

Hot off the presses is the December 2013 RMLS Market Action Report and it shows that this last December was the best December for closed sales in the Portland real estate market since 2006!

Not bad at all. Quick highlights are:

-We’re back to DOUBLE DIGIT appreciation again *almost* across the board.

- Median Sale Price is up 12.9% from the same time in 2012.

-Inventory is down to 3.2 months.

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Portland sees big jump in real estate home sales for 2012, RMLS Market Action Report for December 2012

Saturday, January 12th, 2013

RMLS just released the end of year December 2012 Market Action Report and it confirms everything we’ve been talking about in terms of the real estate recovery happening here in Portland Oregon.

Homes sales in Portland Oregon jumped 19% in 2012 compared to 2011, from a total of $5.2 billion in sales in 2011 to $6.45 billion in 2012, that’s huge! Prices have also reversed their downward trek, officially and consistently heading the other direction and gaining ground as appreciation rates are almost entirely out of negative territory.

Additionally as we’ve been seeing in the market, inventory is very low right now and there are still a lot of buyers looking to take advantage of the low mortgage rates available today, as a result, it’s no longer a buyers market, it’s absolutely a sellers market now.

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