Ready to take the plunge into another episode? John and Beth take you through the ‘December Drop’ we’re seeing in the market, pointing out where the market has spiked, which streaks have continued, and which milestones have been reached.
Also: We tease the new Market Action report and John has a big announcement.
Don’t forget to subscribe to Real Talk with RMLS on Apple Podcasts or Google Podcasts!
Music: “Tropical Summer” by ArtIss (via MelodyLoops.com)
REAL TALK WITH RMLS – DECEMBER 2022 STATISTICAL HIGHLIGHTS
OREGON
- New Listings: 1,913 (-2,097)
- Active Listings: 6,348 (-1,890)
- Closed Sales: 2,363 (-872)
- Inventory 2.7 (+0.2)
- TMT: 57 (+18)
- Avg Sale Price: $515,600 (-$17,700)
- Med Sale Price: $460,000 (-$25,000)
WASHINGTON
- New Listings: 475 (-332)
- Active Listings: 1,243 (-444)
- Closed Sales: 544 (-128)
- Inventory 2.3 (-0.2)
- TMT: 53 (+9)
- Avg Sale Price: $513,400 (-$22,200)
- Med Sale Price: $464,000 (-$35,900)
SPIKES
- Baker County
- Closed Sales went from 17 in November to 10 in December.
- Coos County
- New Listings went from 83 to 51 in December.
- Pending Sales dropped from 69 to 46.
- Curry County
- New Listings went from 45 to 24.
- Douglas County
- Total Market Time spiked up from 43 to 67.
- Lane County
- New Listings dropped from 254 down to 175.
- Mid-Columbia
- New Listings dropped 20 spots from 53 to 33.
- Pending Sales fell 17 from 56 to 39.
- North Coastal
- Total Market Time leaped from 41 in November to 74 in December.
- Portland Metro
- New Listings dropped from 1688 to 1073.
- Active Listings dropped from 4,235 to 3368.
- SW Washington
- Active Listings went from 1125 to 863 in December.
STREAKS
- Coos County
- Pending Sales are on an eight-month downward streak to 46 in December.
- Lane County
- New Listings have decreased for six months, reaching 175 in December.
- Total Market Time has increased for six straight months, reaching 45 days.
- Portland Metro
- Total Market Time is up to 55 days, a six-month streak.
- SW Washington
- New Listings dropped for the six straight month, falling to 367.
- Total Market Time also is down for the sixth month, hitting 52.
MILESTONES
- Baker County
- Lowest Closed Sales count since November 2018, reaching 10 in December.
- Curry County
- Lowest New Listings (24) since December 2014.
- Lowest Pending Listings (23) since December 2013.
NEW GROWTH
- Portland Metro: 338 (flat)
- SW Washington 117 (flat)
- Lane County: 31 (+1)