![Residential Distressed Properties for Third Quarter (July-September) 2015]()
by RMLS Communication Department | Oct 20, 2015 | 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 third quarter of 2015.
Below are links to additional charts for some of our larger areas.
• Portland Metro Area Distressed Properties (3rd Quarter 2015)
• Clark County, WA Distressed Properties (3rd Quarter 2015)
• Lane County, OR Distressed Properties (3rd Quarter 2015)
• Douglas County, OR Distressed Properties (3rd Quarter 2015)
• Coos County, OR Distressed Properties (3rd Quarter 2015)
Here are some additional facts about distressed residential properties in the third quarter of 2015:
All areas when comparing percentage share of the market, third quarter to second quarter 2015:
• When comparing third quarter to second quarter 2015, distressed sales as a percentage of new listings increased by 0.1% (6.4 v. 6.3%).
• In a comparison of third quarter to second quarter 2015, distressed sales as a percentage of closed sales decreased by 0.7% (7.6 v. 8.3%).
• Short sales comprised 1.5% of new listings and 1.9% of sales in the third quarter, down 0.1% and 0.4% from the second quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.9% of new listings and 5.7% of sales in the third quarter, up 0.2% and down 0.3% from the second quarter of 2015, respectively.
Portland metro when comparing percentage share of the market, third quarter to second quarter 2015:
• When comparing third quarter to second quarter 2015, distressed sales as a percentage of new listings decreased by 0.3% (5.4 v. 5.7%).
• In a comparison of third quarter to second quarter 2015, distressed sales as a percentage of closed sales decreased by 0.3% (6.4 v. 6.7%).
• Short sales comprised 1.4% of new listings and 1.7% of sales in the third quarter, down 0.2% and 0.5% from the second quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.0% of new listings and 4.7% of sales in the third quarter, down 0.1% and up 0.2% from the second quarter of 2015, respectively.
Clark County when comparing percentage share of the market, third quarter 2015 to second quarter 2015:
• When comparing third quarter to second quarter 2015, distressed sales as a percentage of new listings decreased by 0.2% (5.0 v. 5.2%).
• In a comparison of third quarter to second quarter 2015, distressed sales as a percentage of closed sales decreased by 2.6% (6.3 v. 8.9%).
• Short sales comprised 1.9% of new listings and 2.6% of sales in the third quarter, down 0.5% for new listings and 0.7% for sales when compared to the second quarter of 2015, respectively.
• Bank owned/REO properties comprised 3.1% of new listings and 3.7% of sales in the third quarter, up 0.3% and down 1.9% from the second 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.
![Residential Distressed Properties for Third Quarter (July-September) 2015]()
by Gail Hare | Aug 27, 2015 | Industry News, RMLSweb
MLS Insight is a series about how things work at RMLS™.
RMLS™ is now the fifth MLS in the nation to be certified on the RESO Data Dictionary.
Yes, I’m yelling—because this is a major accomplishment, and it’s very hard to convey how much of an achievement it is because so many of the terms have to be defined. It’s not like saying we won the World Series or the Preakness or sold the most real estate, which most people would immediately understand and relate to.
- RESO is the data standards organization for real estate, whose mission is the standardization of both the process and real estate data that is shared throughout the industry.
- The Data Dictionary provides a common standard that defines real estate data in consistent terms and data structures across hundreds of MLSs, so that data can be more readily shared and understood.
- NAR requires that all affiliated MLSs adopt the RESO Data Dictionary January 1, 2016.
Kim Hutchinson, RMLS™ Data Quality Technician, worked for many hours to analyze and map RMLS™ data to the RESO Data Dictionary 1.3, making sure that there was congruence without compromising the accepted meaning of the data collected and to make changes under the hood to conform with data length and type requirements.
Our Distribution Services staff has begun the process of reaching out to providers of services and products to our real estate community to let them know that the Data Dictionary filters are available for RETS feeds. We expect this will expand the availability of cost-competitive products useful to our subscribers in the future. The idea is that using a common standard will foster innovation and help to create more of a “plug-and-play” environment, where REALTORS® will be able to purchase software and use it with data from any MLS operating on the RESO standards.
I deferred my planned post focusing on our Training Department to share this news. If you have questions on any RMLS™-related topic that you would like to have answered, I encourage you to post a comment.
![Residential Distressed Properties for Third Quarter (July-September) 2015]()
by Gail Hare | Aug 27, 2015 | Industry News, RMLSweb
MLS Insight is a series about how things work at RMLS™.
RMLS™ is now the fifth MLS in the nation to be certified on the RESO Data Dictionary.
Yes, I’m yelling—because this is a major accomplishment, and it’s very hard to convey how much of an achievement it is because so many of the terms have to be defined. It’s not like saying we won the World Series or the Preakness or sold the most real estate, which most people would immediately understand and relate to.
- RESO is the data standards organization for real estate, whose mission is the standardization of both the process and real estate data that is shared throughout the industry.
- The Data Dictionary provides a common standard that defines real estate data in consistent terms and data structures across hundreds of MLSs, so that data can be more readily shared and understood.
- NAR requires that all affiliated MLSs adopt the RESO Data Dictionary January 1, 2016.
Kim Hutchinson, RMLS™ Data Quality Technician, worked for many hours to analyze and map RMLS™ data to the RESO Data Dictionary 1.3, making sure that there was congruence without compromising the accepted meaning of the data collected and to make changes under the hood to conform with data length and type requirements.
Our Distribution Services staff has begun the process of reaching out to providers of services and products to our real estate community to let them know that the Data Dictionary filters are available for RETS feeds. We expect this will expand the availability of cost-competitive products useful to our subscribers in the future. The idea is that using a common standard will foster innovation and help to create more of a “plug-and-play” environment, where REALTORS® will be able to purchase software and use it with data from any MLS operating on the RESO standards.
I deferred my planned post focusing on our Training Department to share this news. If you have questions on any RMLS™-related topic that you would like to have answered, I encourage you to post a comment.
![Residential Distressed Properties for Third Quarter (July-September) 2015]()
by RMLS Communication Department | Aug 27, 2015 | Industry News, RMLSweb
MLS Insight is a series about how things work at RMLS™.
RMLS™ is now the fifth MLS in the nation to be certified on the RESO Data Dictionary.
Yes, I’m yelling—because this is a major accomplishment, and it’s very hard to convey how much of an achievement it is because so many of the terms have to be defined. It’s not like saying we won the World Series or the Preakness or sold the most real estate, which most people would immediately understand and relate to.
- RESO is the data standards organization for real estate, whose mission is the standardization of both the process and real estate data that is shared throughout the industry.
- The Data Dictionary provides a common standard that defines real estate data in consistent terms and data structures across hundreds of MLSs, so that data can be more readily shared and understood.
- NAR requires that all affiliated MLSs adopt the RESO Data Dictionary January 1, 2016.
Kim Hutchinson, RMLS™ Data Quality Technician, worked for many hours to analyze and map RMLS™ data to the RESO Data Dictionary 1.3, making sure that there was congruence without compromising the accepted meaning of the data collected and to make changes under the hood to conform with data length and type requirements.
Our Distribution Services staff has begun the process of reaching out to providers of services and products to our real estate community to let them know that the Data Dictionary filters are available for RETS feeds. We expect this will expand the availability of cost-competitive products useful to our subscribers in the future. The idea is that using a common standard will foster innovation and help to create more of a “plug-and-play” environment, where REALTORS® will be able to purchase software and use it with data from any MLS operating on the RESO standards.
I deferred my planned post focusing on our Training Department to share this news. If you have questions on any RMLS™-related topic that you would like to have answered, I encourage you to post a comment.
![Residential Distressed Properties for Third Quarter (July-September) 2015]()
by RMLS Communication Department | Jul 23, 2015 | 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 second quarter of 2015.
Below are links to additional charts for some of our larger areas.
• Portland Metro Area Distressed Properties (2nd Quarter 2015)
• Clark County, WA Distressed Properties (2nd Quarter 2015)
• Lane County, OR Distressed Properties (2nd Quarter 2015)
• Douglas County, OR Distressed Properties (2nd Quarter 2015)
• Coos County, OR Distressed Properties (2nd Quarter 2015)
Here are some additional facts about distressed residential properties in the second quarter of 2015:
All areas when comparing percentage share of the market, second quarter to first quarter 2015:
• When comparing second quarter to first quarter 2015, distressed sales as a percentage of new listings decreased by 2.6% (6.3 v. 8.9%).
• In a comparison of second quarter to first quarter 2015, distressed sales as a percentage of closed sales decreased by 4.0% (8.3 v. 12.3%).
• Short sales comprised 1.6% of new listings and 2.3% of sales in the second quarter, down 1.3% and 1.1% from the first quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.7% of new listings and 6.0% of sales in the second quarter, down 1.4% and 2.9% from the first quarter of 2015, respectively.
Portland metro when comparing percentage share of the market, second quarter to first quarter 2015:
• When comparing second quarter to first quarter 2015, distressed sales as a percentage of new listings decreased by 2.0% (5.7 v. 7.7%).
• In a comparison of second quarter to first quarter 2015, distressed sales as a percentage of closed sales decreased by 3.4% (6.7 v. 10.1%).
• Short sales comprised 1.6% of new listings and 2.2% of sales in the second quarter, down 1.2% and 0.8% from the first quarter of 2015, respectively.
• Bank owned/REO properties comprised 4.1% of new listings and 4.5% of sales in the second quarter, down 0.8% and 2.6% from the first quarter of 2015, respectively.
Clark County when comparing percentage share of the market, second quarter 2015 to first quarter 2015:
• When comparing second quarter to first quarter 2015, distressed sales as a percentage of new listings decreased by 4.1% (5.2 v. 9.3%).
• In a comparison of second quarter to first quarter 2015, distressed sales as a percentage of closed sales decreased by 5.1% (8.9 v. 14.0%).
• Short sales comprised 2.4% of new listings and 3.3% of sales in the second quarter, down 2.0% for new listings and 1.7% for sales when compared to the first quarter of 2015, respectively.
• Bank owned/REO properties comprised 2.8% of new listings and 5.6% of sales in the second quarter, down 2.1% and 3.4% from the first 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.
![Residential Distressed Properties for Third Quarter (July-September) 2015]()
by RMLS Communication Department | May 6, 2015 | Industry News
The National Association of REALTORS® (NAR) recently released a new tool to manage what potential clients learn about you on Realtor.com and major social media sites.
Have you claimed your free Realtor.com profile page yet?
The Realtor.com profile page is a one-stop portal that allows NAR members to connect with clients looking for a REALTOR® while searching for homes on Realtor.com.
The profile allows each REALTOR® to manage the display of information and client recommendations from a variety of social sites, including Facebook, Twitter, and LinkedIn. This means clients can easily find an experienced REALTOR® with a particular specialization or language, or discover a REALTOR® who has served someone they know. One-stop shopping for clients, and easy lead generation for brokers!
What do you need to start? A NRDS number and your browser. Claim your profile today on Realtor.com, then peruse the quick start guide to make the most of your new profile.
