You’ll have to look pretty hard for good news in the October 2010 RMLS Market Action. One bright spot is that there is an increase in the number of closed transaction through October 2010 compared to 2009. This is coupled with a decrease in the number of pending transactions. It means that fewer transactions are… Continue reading October 2010 RMLS Market Action

December 2010 RMLS Market Action for the Portland real estate market came out yesterday afternoon.  Portland had a rough year but that may have laid the foundation for a stronger 2011. The median sales price is down 2.9% and the average sales price is down 2.7% for the year.  Days on market also dropped 6.6%… Continue reading RMLS Market Action December 2010

RMLS Market Action for March 2011 in the Portland Metro area shows  some strong gains from February.  Inventory dropped 35% from February to 7.1 months.  I’ve updated the tracking of the local Portland RMLS areas and what is most striking is that North, Northeast and Northwest (Washington County) Portland have inventory levels below six months… Continue reading RMLS Market Action: March 2011

RMLS Market Action for April 2011 was released yesterday with mostly positive month-over-month news.  I consider a .1 month drop in inventory a positive even though mathematically a loss.  The average sales price went up from $261,000 to $267,300 and the median price also increased.  The average sales price over the last year has declined… Continue reading RMLS Market Action: April 2011 Release

RMLS Market Action for September 2011 was released on Friday afternoon.  I’d consider the report mostly neutral.  Inventory, median price, pending and closed sales were up but average price and the number of new listings decreased compared to August.  Note that an increase in inventory is not considered a positive though at 6.7 months it… Continue reading RMLS Market Action September 2011

I’m still trying to compose myself after heading over to the Portland Business Journal to grab the link to the story discussing Portland unemployment at the bottom of this post.  I was shocked to see this headline: “Portland homes prices up 4.3 percent”.  What’s truly amazing about it is headlining a positive about the Portland… Continue reading February Strong Month for Portland Real Estate

When the Portland Business Journal’s January 2013 Case Shiller Index headline is, “Housing recovery starts to look like a boom,” y’all better be paying attention.  Long the messenger of doom and gloom Portland’s 8.3% year over year increase is something that’s hard to ignore.  That said, the Portland index slid a little between December and… Continue reading Portland Real Estate Market Update

Spring has sprung, maybe the rain will stop.  Portland remains one of the hottest markets in the country.  Over the past 12 months, the average sales price has increased 11.3%.  Demand is clearly outpacing supply and I don’t see that changing anytime soon. Fears of a bubble and a burst are valid but there has… Continue reading RMLS Market Action April 2017

The RMLS Market Action report for May 2010 was published today.  I’ve written a post every month since 2005 when the blog began on the Portland Metro report.  We’ve watched the Portland real estate market rise, fall and now level off, each month reporting inventory as an indicator of market health.  I’m going to continue… Continue reading RMLS Market Action May 2010

RMLS Market Action for the Portland metro area was released on Friday.  Metro area inventory spiked to 10.8 from June’s 7.3.  The increase comes from both a rise in active listing and a slow down in closed sales. I’ve also started to break down inventory by RMLS area for Portland.  Five areas make up Portland… Continue reading RMLS Market Action July 2010