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.
Here’s a quick rundown of upcoming Realtor® events & education for August in Oregon & Southern Washington. If you have an event that is not listed here, please let us know by commenting below. For future events, please send an e-mail to communications (at) rmls (dot) com.
– August 5:Realtor Day at NW Natural Street of Dreams – noon to 8 p.m.
– August 12: CCAR hosts Get Connected: Expose Yourself to Social Networking
– August 13: OAR hosts What’s going on with Short Sales (web seminar)
– August 13: Oregon CRS – CRS 205: Financing Course in Ashland, Oregon
– August 19: CCAR hosts Washington State Housing Finance Commission
– August 19: Douglas County Board of Realtors Membership Meeting – Speaker, Gene Bentley, Oregon Real Estate Agency Commissioner
– August 21: Southern Oregon Women’s Council of Realtors hosts – Qualifying for a FHA/VA Loan
Also, if you’re an RMLS™ subscriber, we have lots of FREE opportunities for continuing education credit at a location near you, click the link for your area to view the August Training Calendar:
– Coos County
– Eastern Oregon
– Eugene
– Florence
– Gresham
– Portland
– Roseburg
– Salem
– Vancouver
Image courtesy of Ayhan Yildiz
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.