Lockbox activity rebounds
After a few down weeks, lockbox activity rebounded in the week of August 3-9 compared to the prior week. In Washington, the number of times RMLS™ subscribers opened Supra lockboxes increased 18.2% and in Oregon, activity was up 8.8%.
Click the chart for a larger view (Washington, top; Oregon, bottom)
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
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.
Downward trend continues
Comparing July 20, 2009 through August 2, 2009 the number of times RMLS™ subscribers opened Supra lockboxes decreased 15% in Washington and 5.4% in Oregon.
Click the chart for a larger view (Oregon, left; Washington, right)
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
Activity continues to slide, slightly
Comparing July 13, 2009 through July 26, 2009 the number of times RMLS™ subscribers opened Supra lockboxes decreased 1.4% in Washington and 1.9% in Oregon.
Click the chart for a larger view (Oregon, top; Washington, bottom)
Archive
View an archive of the Supra lockbox statistical reports on Flickr.
Activity down over previous week
Comparing July 6, 2009 through July 19, 2009 the number of times RMLS™ subscribers opened Supra lockboxes decreased 0.1% in Washington and 3.9% in Oregon.
Click the chart for a larger view (Oregon, left; Washington, right)
Archive
View an archive of the Supra lockbox statistical reports on Flickr.