RMLS Market Action September 2009 was released today (Portland Metro or whole report). Inventory dropped slightly from August which contrasts with rises month-over-month in 2007 and 2007 between August and September. Cumulative days on market is 144 days but a quick search in RMLS shows that 243 properties sold in the last two months with… Continue reading RMLS Market Action September 2009
October 2009 RMLS Market Action for Portland was released yesterday. The complete RMLS report for all areas is here. The 6.5 months of inventory is the lowest it has been since August of 2007 and is down 67% since January’s all time high. Inventory is a ratio of the number of months it would take… Continue reading Portland RMLS Market October 2009
RMLS Market Action for May 2011 is out with mixed news. The average sales price in Portland is down from April 1.8% to $262,400. During the same period the median price increased .1% to $220,000. The average sales price has dropped 7.3% over the last year. Inventory levels continue to decline. New listings have dropped… Continue reading RMLS Market Action May 2011
NPR’s This American Life program was titled “Return to the Giant Money Pool this weekend.” It is a 58 minute podcast that can be streamed for free through this week. Then it will be available in the archives. I got to listen to about a quarter of the show live yesterday and will go back… Continue reading This American Life Talks the Mortgage Meltdown
The new Property Investment Profiles (PIP) and Market Tracker reports are available for September. These reports are emailed monthly. The Property Investment Profile report is property specific. We set them up to report on comparable properties. In the case of larger condo towers, we usually set them up to be building specific. This report is… Continue reading Property Investment Profile (PIP) and Market Tracker
A couple of weeks ago I took a look at whether RMLS Market Action could help us predict what the trailing Case Shiller report might look like? The answer was no, at least not as reported. It was pointed out that the methodologies are different. RMLS Market Action does not include Clark County. Case Shiller… Continue reading Case Shiller and RMLS Provide Different Views of Portland Real Estate
RMLS Market Action was released yesterday. The last page of the Portland Metro report focuses on condos. The median sales price is down considerably but has seen an uptick the last couple of months. Closed sales appear to be fairly consistent but the number of listed condos has declined more than 20% since November of… Continue reading Portland Real Estate Condo Market
We’re getting a better look at how 2009 wrapped up with yesterday’s release of RMLS Market Action. For the year, there were fewer closings than in 2008 but not by much (18,955 down from 19,132). The rolling 12 month average sales price was down 12.1% to $289,000 (median down 10.8% to $247,000).
According to RMLS Market Statistical Reports in Multnomah County: There are 4804 active listings. There are 3135 single family detached listings worth a total of $1,115,941,000. The average price is $355,962 and the median price is $260,000.
Portland real estate inventory nearly doubled in January. Inventory is a ratio of closed sales and active listings. 3937 new listings were taken in January compared to 2104 in December and closed sales declined compared to the previous month pushing inventory up. Between December 2008/January 2009 inventory increased 36% and this year’s Dec/Jan increase was… Continue reading RMLS Market Action January 2010