Current Market Action Report - Courtesy of RMLS -
May 2009
The May 2009
RMLS Market Action Report is out and basically it's the
same old news, depreciation, high inventory, some
positives, some negatives but we did see the fourth
month straight of decline in inventory which is a
definite plus.
Comparing on a month to
month, that is May 2009 with April 2009 we see an improvement in
numbers with pending sales up 5.8% and closed sales up 9.6% however
this is typical for this time of year but what's great is it's also
typical to see a significant increase in new listings in this same
time frame and we didn't, listings were only up 1.9%.
Looking at May 2009
compared to May 2008 however the numbers are of course down however
the numbers are looking like we're close to leveling off (and since
this is a month old statistics report it means we probably have
leveled off or "bottomed out"). Pending sales were only down 7.4%,
we've seen this number in the 30% range previously so this is good
to see. Closed sales are down 23.4% not quite as impressive as the
improvement in pending sales but an improvement none the less.
Listings thankfully are also down a whopping 25.1% which has helped
us shave 4/5's of a month off our inventory down from 11 months in
April to 10.2 months in May; RMLS even noted in the report "active
listings appear to be increasing at a slower rate than usual for
this time of year" - GOOD!
Click Image for Report PDF
Year to date numbers are closed sales down 28.1%, pending down
17.5% and new listings down 23.8% - No big surprises there.
Last report we saw a mixed bag with the month to month average
and median sale prices (average down, median up), this go around we
see an improvement in both though you need fractions of a percent to
measure the increase with average sale prices up 0.1% and median up
0.04% and comparing May 09' to May 08' we're down 13% across the
board.
Depreciation is still pretty gloomy but we do have a few
improvements, those in red below actually improved in May.
| Area |
DR |
Area |
DR |
Area |
DR |
| N Portland |
-6.4% |
Oregon City / Canby |
-11.7% |
Tigard / Wilsonville |
-7.8% |
| NE Portland |
-4.3% |
Lake Oswego / West Linn |
-10.2% |
Hillsboro / Forest Grove |
-9.2% |
| SE Portland |
-7.7% |
W Portland |
-2.2% |
Mt. Hood |
-1.4% |
| Gresham / Troutdale |
-11.3% |
NW Washington Co |
-5.9% |
|
|
| Milwaukie / Clackamas |
-7.5% |
Beaverton / Aloha |
-7.6% |
|
|
Once again RMLS changed the format of the Market Action Reports back
to the way it was, sort of...it's alphabetical by county now but in
one large 52 page report again. Lets see how they do it next month! To download or view the entire report click on the report image
or click
here
2009 RMLS
Market Action Report Archives
January 2009
February 2009
March 2009
April 2009
Older than 2009 Archives
2008 Archive
2007 Archive
2006 Archive
2005 Archive
2004 Archive
2003 Archive
2002 Archive
2001 Archive
2000 Archive
|
