by RMLS Communication Department | Oct 22, 2009 | Market Trends, RMLS Market Action, Statistics
Top 5 Areas with the Lowest Housing Inventory in September, Portland & Clark County
Below are the five MLS areas with the lowest supply of housing inventory for September 2009 for the Clark County and Portland metro areas. Inventory measures how long, in theory, it would take to exhaust the current supply of housing. We arrive at this number by dividing the number active listings by the number of sales for the month.
Clark County
| Area |
Area # |
Actives |
Sales |
Inventory |
| Lincoln/Hazel Dell |
14 |
34 |
10 |
3.4 |
| Five Corners |
25 |
89 |
18 |
4.9 |
| East Orchards |
26 |
90 |
18 |
5.0 |
| Cascade Park |
24 |
105 |
20 |
5.3 |
| Evergreen |
22 |
276 |
51 |
5.4 |
Portland Metro
| Area |
Area # |
Actives |
Sales |
Inventory |
| Beaverton/Aloha |
150 |
1,007 |
204 |
4.9 |
| NE Portland |
142 |
1,016 |
185 |
5.5 |
| North Portland |
141 |
455 |
75 |
6.1 |
| Southeast Portland |
143 |
1,396 |
228 |
6.1 |
| Hillsboro/Forest Grove |
152 |
880 |
142 |
6.2 |
by RMLS Communication Department | Oct 16, 2009 | Market Trends, Oregon Real Estate, Portland, RMLS Market Action, Statistics, Washington Real Estate
Residential real estate sales tick up in several areas, inventory down
This month’s RMLS™ Market Action report showed a trend of increasing real estate sales & subsequently lower housing inventory in many areas of Oregon & Southwest Washington.
Sales Activity:
Closed sales rose in the following areas this month, compared to the same month in 2008:
| Area |
Closed Sales |
| Curry County, Oregon |
100% |
| Columbia Basin, Oregon |
36.6% |
| Lane County, Oregon |
23.2% |
| Clark County, Washington |
20.2% |
| Portland Metro, Oregon |
9.8% |
Third Quarter Sales Up:
September marked the end of the third quarter and compared to Q3 in 2008, Coos County, Curry County, Douglas County, Lane County, Portland and Clark County all saw sales outpace Q3 in 2008. Clark County led the pack at a clip of 18.7%.
Inventory:
Ten of eleven areas that we cover in the Market Action report saw housing inventory drop from August. This can be attributed to rising sales in several areas and as we head into the slower fall & winter seasons, fewer homes are being listed as well.
Both the Portland and Clark County areas saw inventory drop to 7.6 months. Lane County has the lowest inventory of the areas we cover at 6.8 months.
by RMLS Communication Department | Sep 28, 2009 | Lockbox, Market Trends, Oregon Real Estate, Portland, Statistics, Washington Real Estate
Lockbox Activity Down In Washington, Up In Oregon
When comparing the week of September 14-20 with the week prior, the number of times an RMLS subscriber opened a Supra lockbox decreased 1.2% in Washington and increased 1.4% in Oregon.
Click the chart for a larger view (Washington, top; Oregon, bottom)
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
by RMLS Communication Department | Sep 21, 2009 | Lockbox, Market Trends, Statistics
Lockbox Activity Back Up
The deadline to be able to get the $8,000 first time home buyers credit is coming up. Perhaps this fact spurred the increase in lockbox activity this last week. When comparing the week of September 7-13 with the week prior, the number of times an RMLS™ subscriber opened a Supra lockbox increased 6.7% in Washington and 3.9% in Oregon.
Click the chart for a larger view (Washington, top; Oregon, bottom)
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
by RMLS Communication Department | Sep 16, 2009 | Clark County, Coos County, Curry County, Douglas County, Lane County, Market Trends, Oregon Real Estate, Portland, Statistics, Union County, Washington Real Estate
Same-month sales improve, but inventory rises in many areas
Pending sales in Clark County surpassed August 2008 & 2007 totals
Sales Activity
Sales activity (pending sales & closed sales) outpaced totals from last August in several areas. Clark County continues to post impressive numbers in this category, as pending sales were up 24.9% and closed sales increased 21.4%. Portland posted a 13% increase in pending sales and 4% in closed sales.
In Southern Oregon, Curry County saw a big jump in pending sales, a 75% increase over last August. Coos County, the Columbia Basin region and Baker County also saw pending and closed sales grow.
Housing Inventory
Inventory, on the other hand, rose in many areas this month. However, most of the increases were modest and inventory remains well below 2008 levels.
Portland saw inventory rise to 7.8 months, up from 7.3 in July, but was still 21% below where inventory was in August 2008. Clark County, similarly, was at 8 months in August, but that was 37% lower than August 2008, when inventory stood at 12.7 months.
Baker, Curry, Douglas & Lane counties and the Mid-Columbia region all saw inventory increase in August, but in all cases, it was still lower than 2008.
Days on Market
You may have noticed that this month we have comparable data for the “Total Market Time” (TMT) statistical category. This is the amount of time that it takes from when a property is listed to when an offer is accepted on that same property. If the property is re-listed within 31 days, TMT continues to accrue; however, it does not include the time that it was off the market.
We started tracking this stat in August 2008, so we finally had comparable data this month. As you may recall, we used to measure “Current Listing Market Time” instead, this measure was less accurate as it only tracked the amount of time that a listing was on the market, it did not track the property address (so if it was re-listed, it would reset).
Overall, it appears that it is taking more time to market properties, all of our market areas saw increases compared to last August, with the exception of the Columbia Basin region and Union County.
In Portland it took 135 days to sell a property, up 11.5% from last August when it took 121 days.
by RMLS Communication Department | Sep 15, 2009 | Market Trends, Statistics
The latest edition of Market Action is now available to RMLS™ subscribers on RMLSweb. To view the latest reports, log on to RMLSweb and under the links section on the left side, there is a link that says “Latest Market Action” in red. A new window should open with all of the latest reports.
If you’re not an RMLS™ subscriber, but would like to see the latest Market Action report for your area, feel free to contact a Realtor® who is an RMLS™ subscriber and they can provide you with the report and further insight into local market conditions.
Stay tuned, as we will offer a few market highlights on the blog tomorrow!
