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A Publication of RMLS™, The Source for Real Estate Statistics in Your Community
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Average Sale Price % Change: -12.5 ($126,600 v. $144,700)
Median Sale Price % Change: 0% ($114,500 v. $114,500)
ACTIVE RESIDENTIAL
LISTINGSBAkER CouNTy, oR
This graph shows the active
residential listings over the
past three calendar years in
Baker County, Oregon.
Janauary Residential HighlightsSales in Baker County increased
dramatically when comparing January 2010 with last January. Closed sales were up 150%. New listings also increased 52.9%, but pending sales droped 25%.
However, comparing this month to last month, December 2009, tells a different story. Closed sales fell 58.3% (5 v. 12). Pending sales were exactly the same and new listings increased 100% (26 v. 13).
Sale PricesSale prices decreased significantly
this January compared to January 2009. The average sale price fell 68%, while the median dropped 90.2%. See residential highlights table below.
Comparing prices for January 2010 with December 2009, the average sale price increased 22.5% ($130,300 v. $106,400), while the median sale price fell 62.2% ($40,000 v. $105,800).
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
For further explanation of this measure, see the second footnote on page 2.
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
This graph represents the average sale price for all homes
sold in Baker County, Oregon.
AVERAGE SALE PRICE
BAkER CouNTy, oR
This graph represents
monthly accepted offers
in Baker County, Oregon
over the past three
calendar years.
PENDING LISTINGS BAkER CouNTy, oR
20
25
Pending Sales
0
5
10
15
20
25
Pending Sales
0
5
10
15
20
25
Pending Sales
2008 2009 2010
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Aug-
07Se
p-07
Oct
-07
Nov
-07
Dec
-07
Jan-
08Fe
b-08
Mar
-08
Apr-
08M
ay-0
8Ju
n-08
Jul-0
8Au
g-08
Sep-
08O
ct-0
8N
ov-0
8D
ec-0
8Ja
n-09
Feb-
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ar-0
9Ap
r-09
May
-09
Jun-
09Ju
l-09
Aug-
09Se
p-09
Oct
-09
Nov
-09
Dec
-09
Jan-
10
Average Sale Price
MuLTIPLE LISTING SERVICE
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Columbia Basin, Oregon January 2010 Reporting Period
January Residential HighlightsWhile pending sales in the
Columbia Basin region declined 25.6% this month compared to January 2009, closed sales were exactly the same. On the other hand, new listings rose a slight 1.1%.
Comparing activity in January 2010 with December 2009 shows a 20.8% (29 v. 24) increase in pending sales. However, closed sales fell 20.9% (34 v. 43) and new listings increased 61% (95 v. 59) driving an increase in inventory to the double digits for the first time since July 2009.
At the month’s rate of sales, the 467 active residential listings would last approximately 13.7 months.
Sale PricesThe average sale price for
January 2010 increased 11.7% when compared to the same month in 2009 and the median sale price increased 9.2%. See residential highlights table below.
Comparing prices from January 2010 with those of December 2009, the average sale price fell 8.8% ($136,800 v. $150,000) and the median sale price dropped 5.8% ($124,300 v. $132,000).
NewListings
PendingSales
ClosedSales
AverageSale Price
MedianSale Price
TotalMarket
Time
January 95 29 34 136,800 124,300 127
Year-to-date 95 29 34 136,800 124,300 127
January 94 39 34 122500 113800 143
Year-to-date 94 39 34 122500 113800 143
January 1.1% -25.6% 0.0% 11.7% 9.2% -11.5%
Year-to-date 1.1% -25.6% 0.0% 11.7% 9.2% -11.5%
2010
2009
Cha
nge
Columbia Basin ResidentialHighlights
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Coos County, Oregon January 2010 Reporting Period
January Residential HighlightsSales activity in Coos County
increased dramatically when comparing January 2010 with January 2009. Closed sales jumped 76.2% and pending sales were up 31.3%. New listings also rose 41%.
At the month’s rate of sales, it would take approximately 17.2 months to sell the 635 active residential listings.
Sale PricesWhile the number of sales
increased compared to last year, however, the average and median sale price decreased significantly when comparing January 2010 with January 2009.
The average sale price dropped 36.8%. Further, the median sale price fell 26.5%.
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Average Sale Price % Change: -10.7% ($173,400 v. $194,100)Median Sale Price % Change: -9.7% ($153,500 v. $170,000)
ACTIVE RESIDENTIAL
LISTINGSCooS CouNTy, oR
This graph shows the active
residential listings over the
past three calendar years in
Coos County, Oregon.
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
For further explanation of this measure, see the second footnote on page 2.
Year-To-Date Year-To-DateCOMMERCIAL LAND MULTIFAMILYYear-To-Date Year-To-Date
Avg.
Sale
Pric
e % C
hang
e2
NEW LISTINGS CooS CouNTy, oR
This graph shows the
new residential list-
ings over the past three
calendar years in Coos
County, Oregon.
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
This graph represents the average sale price for all homes sold in Coos County,
Oregon.
AVERAGE SALE PRICE
CooS CouNTy, oR
This graph represents
monthly accepted of-
fers over the past three
calendar years in Coos
County, Oregon.
PENDING LISTINGS CooS CouNTy, oR
01020304050607080
Pending Sales
2008 2009 2010
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
Dec
-99
Jun-
00
Dec
-00
Jun-
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Dec
-01
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Dec
-02
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-03
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-04
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Dec
-05
Jun-
06
Dec
-06
Jun-
07
Dec
-07
Jun-
08
Dec
-08
Jun-
09
Dec
-09
Average Sale Price
MuLTIPLE LISTING SERVICE
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Curry County, Oregon January 2010 Reporting Period
January Residential HighlightsMarket activity was mixed in
Curry County for January 2010 compared to the same month a year ago. Closed sales jumped 33.3%, but the number of pending sales was exactly the same and new listings fell 18%.
Compared with December 2009, closed sales fell 42.9% (12 v. 21), pending sales dropped 15.8% (16 v. 19) and new listings increased 20.6% (41 v. 34).
Sale PricesWhile the number of sales
increased, the average sale price for January 2010 decreased a significant 20.8% and the median sale price fell 34.3% when compared to January 2009.
In addition, compared with December 2009, the average sale price dropped 8% ($227,000 v. $246,600). Further, the median sale price decreased 3.5% ($207,000 v. $214, 500).
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
For further explanation of this measure, see the second footnote on page 2.
Year-To-DateCOMMERCIAL LAND MULTIFAMILYRESIDENTIALYear-To-DateCurrent Month Year-To-Date
Avg.
Sal
e Pr
ice
% C
hang
e2
Year-To-Date
NEW LISTINGS CURRY CoUNTY, oR
This graph shows the
new residential list-
ings over the past three
calendar years in Curry
County, Oregon.
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
This graph represents the average sale price for all homes sold in Curry
County, Oregon.
AVERAGE SALE PRICE
CURRY CoUNTY, oR
This graph represents
monthly accepted offers
over the past three
calendar years in Curry
County, Oregon.
PENDING LISTINGS CURRY CoUNTY, oR
05
10152025303540
Pending Sales
2008 2009 2010
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Dec
-05
Jun-
06
Dec
-06
Jun-
07
Dec
-07
Jun-
08
Dec
-08
Jun-
09
Dec
-09
Average Sale Price
MULTIPLE LISTING SERVICE
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Douglas County, Oregon January 2010 Reporting Period
January Residential HighlightsCompared to last January, market
activity in Douglas County was up. Closed sales increased 58.3%. In addition, pending sales grew 21.2%. Further, new listings rose 5.7%.
While pending sales increased 53.9% (80 v.52) when comparing January 2010 with December 2009, new listings rose 109.4% (222 v. 106) and closed sales dropped 21.9% (57 v. 73) driving the inventory to the highest it’s been since March 2009.
At the month’s rate of sales,
the 1,104 active residential listings would last approximately 19.4 months.
Sale PricesThe average sale price for January
2010 was up 1.9% compared to January 2009, but the median sale price dropped 5.9%. See residential highlights table below.
When comparing January 2010 to the previous month of December 2009, the average sale price fell 9.8% ($153,200 v. $169,900). In addition, the median sale price decreased 2% ($140,000 v. $142,900).
NewListings
PendingSales
ClosedSales
AverageSale Price
MedianSale Price
TotalMarket
Time
January 222 80 57 153,200 140,000 205
Year-to-date 222 80 57 153,200 140,000 205
January 210 66 36 150,300 148,800 161
Year-to-date 210 66 36 150,300 148,800 161
January 5.7% 21.2% 58.3% 1.9% -5.9% 26.9%
Year-to-date 5.7% 21.2% 58.3% 1.9% -5.9% 26.9%
2010
2009
Cha
nge
Douglas County, OregonResidentialHighlights
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
This graph represents the average sale price for all homes sold in Douglas
County, Oregon.
AVERAGE SALE PRICE
DOUGLAS COUNTY, OR
0102030405060708090
Closed Sales
2008 2009 2010
$100,000
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
Dec
-99
Jun-
00
Dec
-00
Jun-
01
Dec
-01
Jun-
02
Dec
-02
Jun-
03
Dec
-03
Jun-
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Dec
-04
Jun-
05
Dec
-05
Jun-
06
Dec
-06
Jun-
07
Dec
-07
Jun-
08
Dec
-08
Jun-
09
Dec
-09
Average Sale Price
MULTIPLE LISTING SERVICE
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Lane County, Oregon January 2010 Reporting Period
January Residential HighlightsMarket Activity in the Greater
Lane County continued to grow when comparing January 2010 with the same time in 2009. Closed sales rose 41.1% and pending sales were up 20.8%. New listings also increased 6.1%.
Pending sales were also up 28.2% (232 v. 181) when comparing January 2010 with December 2009. However, closed sales fell 45.3% (134 v. 245) and new listings grew 73.2% (523 v. 302) driving Inventory in months to double digits for the first time since April 2009.
At the curernt month’s rate of sales, the 1,885 active residential listings would last approximately 14.1 months.
Sale PricesThe average sale price for January
2010 increased 1.1% compared to January 2009. In addition, the median sale price rose 6.1%. See residential highlights table below.
Furthermore, comparing January 2010 with December 2009, median sale price 2.1% (199,000 v. 194,900). However, average sale price de-creased 1.9% (216,400 v. 220,600).
NewListings
PendingSales
ClosedSales
AverageSale Price
MedianSale Price
TotalMarket
Time
January 523 232 134 216,400 199,000 125
Year-to-date 523 232 134 216,400 199,000 125
January 493 192 95 214,000 187,500 123
Year-to-date 493 192 95 214,000 187,500 123
January 6.1% 20.8% 41.1% 1.1% 6.1% 1.9%
Year-to-date 6.1% 20.8% 41.1% 1.1% 6.1% 1.9%
2010
2009
Cha
nge
Greater Lane County, OregonResidentialHighlights
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Average Sale Price % Change: -8.1% ($225,600 v. $245,500)
Median Sale Price % Change: -8.3% ($200,000 v. $218,200)
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Mid-Columbia January 2010 Reporting Period
January Residential HighlightsClosed and pending sales
increased dramatically when comparing January 2010 with the same month in 2009. Pending sales increased 38.5%, while closed sales jumped 73.7%. On the other hand, new listings fell 12%.
Pending sales also increased 16.1% (36 v. 31) when comparing January 2010 with December 2009. However, closed sales fell 13.2% (33 v. 38) and new listings increased 58.7% (73 v. 46) driving inventory to the highest it’s been since April 2009.
At the month’s rate of sales, the 627 active residential listings would last approximately 19 months.
Sale PricesThe average sale price for January
2010 was up 5.7% compared to January 2009, and the median sale price increased 18.9%. See residential highlights table below.
Compared with December 2009, average sale price increased 24.7% ($263,900 v. $211,600) and the median sale price was exactly the same ($220,000).
New Listings
Pending Sales
ClosedSales
AverageSale Price
MedianSale Price
Total Market
Time
January 73 36 33 263,900 220,000 171
Year-to-date 73 36 33 263,900 211,000 171
January 83 26 19 249,600 185,000 168
Year-to-date 83 26 19 249,600 185,000 168
January -12.0% 38.5% 73.7% 5.7% 18.9% 1.8%
Year-to-date -12.0% 38.5% 73.7% 5.7% 14.1% 1.8%
2010
2009
Chan
ge
Mid-Columbia Residential Highlights
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
% Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Average Sale Price % Change: -12.0% ($232,600 v. $264,300)Median Sale Price % Change: -10.9% ($200,500 v. $225,000)
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Metro Portland, Oregon January 2010 Reporting Period
January Residential HighlightsWhile not quite as dramatic as
last month, sales activity in the Portland metro area continued to show improvement in January 2010 compared to the same month a year ago.
Closed sales were up 34.7% compared to January 2009 and pending sales rose 24.3%. However, new listings fell 6.2%.
Pe nd i ng s a le s we r e a l s o up 34.5% (1,535 v. 1,141) when compared to December 2009. On the other hand, closed sales fell 34.5% (986 v. 1,506) and new listings grew 87.1% (3,937 v. 2,104) driving inventory to double digits for the first time since May of 2009.
At the month’s rate of sales, it would take approximately 12.6 months to sell the 12,449 active residential listings.
Sale PricesThe average sale pr ice for
Ja nua r y 2010 was dow n 5% compared to January 2009, while the median sale price declined 4%.
Compared to December 2009, the average price decreased 3.7% ($282,400 v. $293,300) and the median fel l 0.9% ($240,000 v. $242,200).
CountiesThe greater Portland Metro area
reports in this newsletter include the five counties below. Each year we review the difference between the average sale price in each county.
Average Change Sale Price 08 v. 09Clackamas $336,100 -10.6%Columbia $193,300 -16.2%Multnomah $285,300 -14.0%Washington $281,300 -11.1%Yamhill $227,300 -14.8%
New Listings
Pending Sales
ClosedSales
AverageSale Price
MedianSale Price
Total Market
Time
January 3,937 1,535 986 282,400 240,000 145
Year-to-date 3,930 1,535 984 282,400 240,000 145
January 4,196 1,235 732 297,200 250,000 152
Year-to-date 4,196 1,235 732 297,200 250,000 152
January -6.2% 24.3% 34.7% -5.0% -4.0% -4.7%
Year-to-date -6.3% 24.3% 34.4% -5.0% -4.0% -4.7%
2010
2009
Chan
ge
Portland Metro Residential Highlights
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Average Sale Price % Change: -11.7% ($289,200 v. $327,700)Median Sale Price % Change: -10.5% ($246,000 v. $275,000)
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
For further explanation of this measure, see the second footnote on page 2.
AREA REPORT • 1/2010 Metro Portland & Adjacent Regions, Oregon
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
This graph represents the median sale price for all
condos sold in the last three calendar years in the
Portland, Oregon metropolitan area.
MEDIAN SALE PRICE CONDOS
PORTLAND, OR
This graph shows the affordability for Portland,
Oregon metropolitan area in December 2009.AFFORDABILITY
RESIDENTIAL
AFFORDABILITY - According to a formula from the National Association of Realtors®, buying a house in the Portland metro area is affordable for a family earning the median income. A family earning the median income ($70,000 in 2009, per HUD) can afford 141% of a monthly mortgage payment on a median priced home ($242,200 in December). The formula assumes that the buyer has a 20% down payment and a 30 year fixed rate of 4.83% (per Freddie Mac).
120140160180
Affordability Index
020406080
100120140160180
Affordability Index
020406080
100120140160180
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Median Condo Sale Price
2008 2009 2010
A Publication of RMLS™, The Source for Real Estate Statistics in Your Community
Residential Review: Southwest Washington January 2010 Reporting Period
January Residential HighlightsSales activity continued to grow
in Clark County when comparing January 2010 to the same time last year, though not quite as dramatically as last month.
Compared to January 2009, closed sales increased 34.8% and pending sales were up 20.2%. However, new listings fell 3.1%.
Pending sales were also up 18.5% (422 v. 356) when comparing January 2010 and December 2009. However, closed sales fell 38.4% (275 v. 422). and new listings grew 80.1% (942 v. 523) driving inventory to double digits for the first time since May 2009.
At the month’s rate of sales the 3,407 active residential listings in RMLSweb at the end of January 2010 would last approximately 12.4 months.
Sale PricesContrary to the trend over the
last few months in 2009, the average sale price for January 2010 actually increased 4.2% compared to January 2009. In addition, the median sale price rose 5.5%. See residential highlights table below.
Furthermore, comparing January 2010 with December 2009, the average sale price increased a slight 0.3% ($245,100 v. 244,400) and median sale price was up 3.9% ($219,900 v. $211,600).
CountiesThis is a summary of the 2009
performance of the three counties in the Southwest Washington area.
Average Change Sale Price 08 v. 09Clark $237,600 -14.6%Cowlitz $196,700 -8.1%Pacific $176,900 -5.8%
NewListings
PendingSales
ClosedSales
AverageSale Price
MedianSale Price
TotalMarket
Time
January 942 422 275 245,100 219,900 156
Year-to-date 942 422 275 245,100 219,900 156
January 972 351 204 235,300 208,400 158
Year-to-date 972 351 204 235,300 208,400 158
January -3.1% 20.2% 34.8% 4.2% 5.5% -1.4%
Year-to-date -3.1% 20.2% 34.8% 4.2% 5.5% -1.4%
2010
2009
Cha
nge
Clark County ResidentialHighlights
*Inventory in Months is calculated by dividing the Active Listings at the end of the month in question by the number of closed sales for that month.
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Average Sale Price % Change: -13.2% ($238,300 v. $274,400)Median Sale Price % Change: -11.7% ($212,000 v. $240,000)
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
For further explanation of this measure, see the second footnote on page 3.
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Union County, Oregon January 2010 Reporting Period
January Residential HighlightsMarket Activity continued to
increase dramatically in Union County compared to last January. Closed sales rose 175% and pending sales were up 55.6%. New listings also jumped 105.3%.
Comparing January 2010 with December 2009, pending sales grew 27.3% (14 v. 11) and new listings grew 18.2% (39 v. 33). However, closed sales fell 26.7% (11 v. 15).
Sale PricesThe average sale price for January
2010 was down 35.6% compared to January 2009, while the median sale price dropped 39.8%. See residential highlights table below.
Compared with December 2009, the average sale price decreased 1.8% ($130,000 v. $132,400). The median sale price, on the other hand, increased a slight 0.4% ($126,500 v. 126,000).
Percent Change of 12-Month Sale Price Compared With The Previous 12 Months
Average Sale Price % Change: -10.1% ($150,600 v. $167,500)Median Sale Price % Change: +1.4% ($134,900 v. $133,000)
ACTIVE RESIDENTIAL
LISTINGSUNIoN CoUNTy, oR
This graph shows the active
residential listings over the
past three calendar years in
Union County, Oregon.
*Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market.
For further explanation of this measure, see the second footnote on page 2.
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
This graph represents the average sale price for all homes sold in Union
County, Oregon.
AVERAGE SALE PRICE
UNIoN CoUNTy, oR
This graph represents
monthly accepted offers
in Union County,
Oregon over the past
three calendar years.
PENDING LISTINGS UNIoN CoUNTy, oR
05
10152025303540
Pending Sales
2008 2009 2010
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MULTIPLE LISTING SERVICE
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor
Residential Review: Wallowa County, Oregon January 2010 Reporting PeriodWallowa County Residential Highlights
We are happy to announce that we have been tracking market statistics for Wallowa County, Oregon for more than a year now and have historical data and comparable statistics so we will now include percent changes for all aplicable categories.
When comparing January 2010 with the same month in 2009, the market activity in Wallowa County was mixed. Closed sales dipped 80%, while pending sales increased 33.3% and the number of new listings was exactly the same.
At the month’s rate of sales, it would take approximately 99 months to sell the 99 active residential listings. This is the highest inventory since April 2009.
Sale PricesThe average sale price for January 2010 increased 34.1% compared with
January 2009. Further, median sale price jumped 123.4%. See residential highlights table below.
1 Percent change in number of pending sales this year compared to last year. The Current Month section compares January 2010 with January 2009. The Year-To-Date section compares year-to-date statistics from January 2010 with year-to-date statistics from January 2009.
2 % Change is based on a comparison of the rolling average sale price for the last 12 months (2/1/09-1/31/10) with 12 months before (2/1/08-1/31/09).3 As of October 2007, the way that New Listing data is generated has changed to ensure accuracy. 4 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days,
Total Market Time continues to accrue; however, it does not include the time that it was off the market.
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This graph represents the average sale price for all homes
This graph shows the average market time for sales in
Wallowa County, Oregon.
DAyS On MARKET WALLOWA COunTy, OR
MuLTIPLE LISTInG SERVICE
The statistics presented in Market Action are compiled monthly based on figures generated by RMLS™.
Statistics reflect reported activity for the greater Portland, Oregon metropolitan area, to include Multnomah, Washington, Clackamas, Yamhill, & Columbia counties; Lane, Douglas, Coos & Curry Counties in Oregon; portions of other Oregon Counties; and Clark, Cowlitz & Pacific Counties in Washington.
RMLS™ was formed by area Boards and Associations of REALTORS® in 1991.
E-mail subscriptions are available for $45 per year by contacting RMLS™, (503) 236-7657. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS™.
Gary Whiting, Chairman of the BoardKurt von Wasmuth, President/CEONatalie Middleton, EditorKelsey Brunson, Assistant Editor