In the next few days we should be seeing the August edition of RMLS Market Action. The report is changing: We’ve added a new column to the Residential Market Highlights and the Area Report in Market Action called Total Market Time. This new calculation will help our REALTOR® subscribers better manage the expectations of their… Continue reading Changes to RMLS Market Action

August continues the recent declining trend in our market. “The average sale price for August 2008 was down 9.7% compared to August 2007, while the median sale price dropped 6.7%. Month-to-month, the average sale price and median sale price are both down when compared with July’s levels; the average sale price dropped 2.7% ($331,300 v.… Continue reading RMLS Market Action August 2008

We live in an ever increasingly digital age. A picture was worth a thousand words and was as close to the truth as you were likely to get. With mainstream digital photography and photo editing software, a photo may not be the truth. The impetus of this post comes from another real estate related blog… Continue reading RMLS and Photos

Things are tough. During our sales meeting today an agent said he has 17 listings. Fifteen of them are short sales. He said that some banks he has worked with have agreed to losses of over six figures; another won’t budge on $2000. We’ve seen some amazing things happen in our economy in the last… Continue reading RMLS Market Action September ’08

All I can do is report the numbers.  Inventory numbers are lower but you can’t definitively define why.  December’s weather sucked, the holidays, economic uncertainty, what-have-you; all that was all reflected in January. 

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

Portland real estate inventory dropped 40% between February and March!  After a two month spike with over 12 months, inventory levels have returned, at least for now, to the levels that we saw during the last half of 2009.  There were positive changes in all of the market metrics: average sales price, median sales price,… Continue reading RMLS Market Action March 2010

April 2010’s RMLS Market Action reports that inventory is down to 7.3 months.  All look back at over a decade of Aprils in Portland real estate inventory:

The Portland real estate market continues to plod along according to June 2010 RMLS Market Action statistics reported on their website.  Last month I started to break the Portland inventory numbers down to a smaller area as the Portland Metro area reported by RMLS encompasses five counties.  The metro chart is on the right and… Continue reading RMLS Market Action June 2010

September 2010’s RMLS Market Action was released on Friday and as mentioned over the weekend on our Facebook Fan Page, Portland’s city inventory remains below the inventory reported as the five county metro area. I started tracking the five RMLS areas in April and this month added the thicker average line to the graph.  The… Continue reading RMLS Market Action September 2010