Central Oregon List to Sold Ratios Continue to improve

Quick Summary

We have been and are currently experiencing flattening to downward pressure on inventory coupled with close to average sales activity. Positive appreciation experienced 2nd qtr over 1stthis year could very well be repeated if current trends continue and some or all of historic trends occur again (see first chart).

 

The disposition of current and future bank owned assets however, remain a mystery to most of us, creating a lot of uncertainty. Even so, a doubling of bank owned inventory today wouldn’t result in much of an inventory increase and would more than likely sell quickly as has been the case.

 

View charts at the bottom of the webpage in PDF format at:

http://www.centralorproperty.com/Central,ORTrends.html

 

First page

List to sold ratios for 2011 remain the lowest yet since beginning this project in 2007 with a typical August drop. If the typical downward trend experienced the past 3 years repeats, we will see a significant reduction in the average list to sold ratios from 2010 to 2011.

 

Second page

The past 14 months list to sold ratios trend in Central Oregon held close to flat.

 

Third Page

The past 3 months show a steady, typical decline in list to sold ratios.

 

Fourth Page

  • · New listings trends continue to move down.
  • · Sold property trends are moving up which is typical. September is a strong sales month.
  • · The Back on market property trend is down.
  • · Pending property count trend rose very slightly.
  • · Expired, terminated/withdrawn properties trended up slightly. While remaining the largest source of inventory reduction, the gap has narrowed significantly with sold properties. Most expirations occur at the end of the year, quarter and month, creating wide trend swings.

Fifth Page

Average sales per business day YTD is right at average since beginning this project in Jan of 2010.

View charts at the bottom of the webpage in PDF format at:

http://www.centralorproperty.com/Central,ORTrends.html
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