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 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!
by RMLS Communication Department | Aug 13, 2009 | Clark County, Coos County, Curry County, Douglas County, Lane County, Market Trends, Oregon Real Estate, Portland, Statistics, Union County, Washington Real Estate
We released the latest Market Action reports to RMLS™ subscribers yesterday. Many areas of Oregon and Southwest Washington are showing improvement as far as sales and inventory go – here are a few highlights:
Portland Metro Active Listings: Note how the 2009 line is basically flat.
Inventory: Inventory is showing steady improvement in Portland (7.3 months), Clark County (7.3 months), and Lane County (6.2 months). In most circles, 6 months of supply is considered a balanced market. The drop in inventory comes thanks to strong closed sales, but also because the number of active listings is growing at a much slower pace than usual.
Closed sales: The Portland metro area was finally able to post a gain in same-month closed sales for the first time since April 2007. Closed sales were up 8.6% compared to last July. Clark County posted a gain for the second straight month – closed sales were up 23.5% there. Lane County also posted an 11% gain. Baker County, Curry County, Douglas County, and the Mid-Columbia region also saw growth.
Clark Co. Pending Sales: Oh, so close to reaching July 2007 levels.
Pending sales: Same-month pending sales in Clark County grew for the fourth month in a row at 30.3%. In fact, Clark County pending sales not only surpassed July 2008 levels, but they came close to hitting July 2007 levels. With the exception of the Mid-Columbia region and Union County, same-month pending sales grew in all of our primary service areas.
by RMLS Communication Department | Jul 16, 2009 | Clark County, Coos County, Curry County, Douglas County, Lane County, Market Trends, Oregon Real Estate, Portland, Statistics, Union County, Washington Real Estate
The latest issue of the RMLS™ Market Action for June 2009 shows increases in accepted offers, closed sales and a decrease in inventory in several regions.
Accepted Offers
The five county Portland Metro Area saw a month-over-month increase in pending sales (8.4% comparing June 2009 with June 2008) for the first time since December 2006. Pending sales also increased for the third month in a row in Clark County, Washington. The following regions also saw an increase in pending listings in June 2009: Coos, Curry, Douglas, Lane, Mid-Columbia and Union.
Closed Sales
Closed sales in Clark County increased14.8% comparing June 2009 with June 2008. This is the first increase since September 2008.
The following regions also experienced increases in closed sales: Columbia Basin, Curry, Douglas and Mid-Columbia.
Inventory
Inventory in all three of our largest service areas (Portland Metro, Clark County and Lane County) dipped to the lowest it’s been since August 2007. In addition, the following counties experienced drops in inventory from the previous month: Columbia Basin, Coos, Curry and Douglas.
