October 2008 RMLS Market Action – My Summation

Right around the middle of each month RMLS sends out their “Market Action Report” for the previous month; Octobers market action report just came out today. Each month I do a write up on it, sort of summarizing it and post it on our website. The report and my summation of the report are both now posted.

Overall the numbers are as expected; we are after all in a down market. Some of the numbers however are showing slight improvements like for instance the Milwaukie / Clackamas areas moved from a depreciation rate of -6.7% to -5.4%.

Read my take on the market action report where you can also download the report itself. And if you want to see a historical perspective on the market, the archives of my summaries and the reports themselves are at the bottom of the page.

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