![MLS Insight: 25 Years by the Numbers (Updated May 5th)]()
by RMLS Communication Department | Apr 27, 2016 | RMLS News, Statistics
MLS Insight is a series about how things work at RMLS™.
As we celebrate 25 years of service to the real estate community in the northwest, it is interesting to look at some of the high-level numbers that describe the business and economics of the multiple listing service.
Let’s start with the number of subscribers. In March 1991, before service had even begun, there were over 3,400 Portland-area REALTORS® committed to participating in the new multiple listing service. This March, we had 12,472 subscribers from all over Oregon and southern Washington. The March with the most subscribers was 2007 with 14,178 active REALTORS®.
The chart below shows the rise and fall of subscriber numbers (as of March of each year) plotted against total numbers of closed residential sales for the year across the entire MLS. Sales peaked in 2005 with a total of 57,745, two years prior to the peak in subscriber numbers. The number of sales has been steadily rising since the recession low of 31,028 in 2008. The 55,979 sales in 2015 were the second highest number recorded in a year at RMLS™.
Due to a much higher overall average sales price, the total dollar volume of residential sales posted in RMLS™, 2015 achieved a new high water mark of $17,567,003,000 despite fewer total sales than 2005. The average sales price across all RMLS™ sales in 2005 was $268,300 compared to $313,800 in 2015.
If you have questions on any RMLS™-related topic that you would like to have answered, I encourage you to post a comment.
UPDATE: May 5, 2016
By subscriber request, here are the same graphs broken down by state:
by RMLS Communication Department | Apr 25, 2016 | Lockbox, Statistics
This Week’s Lockbox Activity
For the week of April 11-17, 2016, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity rose in both Oregon and Washington this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
![MLS Insight: 25 Years by the Numbers (Updated May 5th)]()
by RMLS Communication Department | Apr 22, 2016 | Misc.
New Home Source Professional unveiled a site overhaul this week. The new site, which was the result of feedback from working REALTORS® across the country, introduces several new tools for RMLS™ members to find new homes and communicate with clients about them.
Here are five features worth checking out:
Multiple Search Options
On the refreshed New Home Source Professional site, filters and sorting have been improved. Select multiple cities, ZIP codes, or school districts. You can even search within a map! Users will have multiple search result options including list, map, or photo view, with quick previews.
Saved Listings, Saved Searches, Listing Reports
When you find new homes or communities that you like, save them! You can save the listings, save the search, or download and print PDF reports for each property.
Your Own New Home Website
Enhance your brand as a local new home expert with a branded consumer portal. This serves as both a way to communicate with clients and attract new buyers. Free!
Drive More Leads for Your Business
Potential home buyers can visit your consumer portal (free!), search new homes, then interact with you directly. Integrate it into your current website, email signature, and social media accounts to generate new clients.
Track All Client Activity
Which actions are your clients taking? You’ll know exactly what they’re doing on the site and can respond with timely, helpful communications. Net result? Efficient use of time for both you and your client, from initial engagement through a home purchase.
Sound exciting? Connect to New Home Source Professional via the link in the left-hand sidebar on RMLSweb or by navigating to Toolkit and clicking “New Home Source.” Search for a perfect new home for your client today!
![MLS Insight: 25 Years by the Numbers (Updated May 5th)]()
by RMLS Communication Department | Apr 20, 2016 | Distressed Properties, Industry News, Market Trends, Statistics
This chart shows the number of bank owned/REO properties and short sales in all areas of the RMLS™ system during the first quarter of 2016.
Below are links to additional charts for some of our larger areas.
• Portland Metro Area Distressed Properties (1st Quarter 2016)
• Clark County, WA Distressed Properties (1st Quarter 2016)
• Lane County, OR Distressed Properties (1st Quarter 2016)
• Douglas County, OR Distressed Properties (1st Quarter 2016)
• Coos County, OR Distressed Properties (1st Quarter 2016)
Here are some additional facts about distressed residential properties in the first quarter of 2016:
All areas when comparing percentage share of the market, first quarter 2016 to fourth quarter 2015:
• When comparing first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of new listings decreased by 3.0% (7.1 v. 10.1%).
• In a comparison of first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of closed sales decreased by 2.1% (10.6 v. 8.5%).
• Short sales comprised 1.5% of new listings and 1.9% of sales in the first quarter of 2016, down 0.7% and up 0.2% from the fourth quarter of 2015, respectively.
• Bank owned/REO properties comprised 5.6% of new listings and 8.7% of sales in the first quarter of 2016, down 2.3% and up 1.9% from the fourth quarter of 2015, respectively.
Portland metro when comparing percentage share of the market, first quarter 2016 to fourth quarter 2015:
• When comparing first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of new listings decreased by 3.2% (6.0 v. 9.2%).
• In a comparison of first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of closed sales increased by 1.9% (9.6 v. 7.7%).
• Short sales comprised 1.4% of new listings and 2.2% of sales in the first quarter of 2016, down 0.7% and up 0.4% from the fourth quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.6% of new listings and 7.4% of sales in the first quarter of 2016, down 2.5% and up 1.5% from the fourth quarter of 2015, respectively.
Clark County when comparing percentage share of the market, first quarter 2016 to fourth quarter 2015:
• When comparing first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of new listings decreased by 1.2% (5.8 v. 7.0%).
• In a comparison of first quarter 2016 to fourth quarter 2015, distressed sales as a percentage of closed sales remained unchanged (6.0 v. 6.0%).
• Short sales comprised 2.5% of new listings and 1.9% of sales in the first quarter of 2016, down 0.9% for new listings and exactly matching sales when compared to the fourth quarter of 2015, respectively.
• Bank owned/REO properties comprised 3.3% of new listings and 4.1% of sales in the first quarter of 2016, down 0.3% and exactly matching the fourth quarter of 2015, respectively.
If you’d like more information or percentages of distressed residential sales in other areas not represented by our charts, please contact us at communications@rmls.com.
by RMLS Communication Department | Apr 18, 2016 | Lockbox, Statistics
This Week’s Lockbox Activity
For the week of April 4-10, 2016, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity rose in both Oregon and Washington this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
