Yesterday’s post was about the Portland Metro RMLS Market Action report for January. Last April I started tracking how the five RMLS areas that make up the City of Portland track compared to the five country Portland Metro area that the report covers. City inventory is 10.0 months compared to Metro’s 11.3. “West Portland” which… Continue reading Portland Real Estate Listing Inventory
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.
[graphs and text updated 11:50AM 2.18.10 thanks to an astute reader] In my post yesterday about January’s 2010 RMLS Market Action report I said that I would go back through previous reports to see if there was a trend in inventory levels between January and the previous December. There is a seasonal New Years Inventory… Continue reading Real Estate Inventory is Seasonal
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 selling at a rate of ten a month, there is ten months of inventory. Inventory for March… Continue reading RMLS Market Action March
Portland real estate inventory continues to drop and June 2012’s 3.9 months is the lowest since March 2007 according to the June 2012 RMLS Market Action released yesterday. It’s important to note that this is a totally different market than 2007. The market peaked in July 2007 and there were nearly twice the number of… Continue reading RMLS Market Action June 2012
What a difference a couple of years makes! In February of 2011, I ran a search in RMLS that resulted in 4208 active listings in Portland. 441 of those were bank owned (REO) and 750 were short sales. REOs made up 10.4 of the market and 17.8% were short sales. I ran the same search… Continue reading The “New” Real Estate Market in Portland