Here’s a collection of last month’s sales data for the areas served by RMLS. I hope you find it helpful.Want to get notified of new updates by email? Click here to subscribe!Please note,
February 2023 RMLS Sales Data & Other Info
Dated: March 14 2023
Views: 202
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Please note, the arrows in the trends table only showcase numbers going up or down - NOT whether or not the trend is beneficial. That is determined based on perspective.
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SW Washington Report (Clark & Cowlitz) (click here)
Inventory is trending down versus January.
Appreciation is still up, yet declining from last month.
Cowlitz County
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Portland Metro, OR Sales Report (click here)
Inventory is trending down.
Appreciation is still up, yet trending down.
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Polk and Marion Counties Sales Report (click here)
Inventory is trending down.
Appreciation is still up, yet lower versus last month.
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Mortgage rates for first-timers putting 5% down or less, credit in the 640-680 range, of a 30-year loan (from Zillow). Remember that every lender is a little different.
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Blacknight Mortgage Report click here, January 2023. Interesting facts:
- Factoring in current income levels, it now requires 33.2% of the median household income to make the monthly principal and interest (P&I) payments on the average home purchase.
- The primary driver of for-sale inventory deficits is a lack of new listings hitting the market:
- There were 25% fewer homes listed for sale in January than normal, which is why inventory fell in the month despite home sales hitting a 7-year low
- Shortages of for-sale inventory worsened in nearly 90% of major markets in January
Trends that I have noticed in the last few weeks:
Rates have gotten a little volatile, and when they dip, applications have been increasing. We Realtors know there is pent-up demand with Buyers and Seller's waiting for the "right time," knowing that there is no such thing. We know Sellers with low interest rates are hoping purchase rates will come down so that they can buy their next home, and this waiting game is causing many not to sell now.
Interestingly, in the last few months I have seen that original list price versus sales price was sometimes up to 10% greater than the sales price. Or said another way, the final sold price was often 90% of the original list price. Now, though, it seems that this difference has tighted, all while list prices have increased. In a random sampling of 100 detached homes sold last month, in the lower 25% of the market, built more than 15 years ago, I found that the difference between list prices and sold prices is less than 3% with an average difference of $10,000.
Data not captured is the unknown of how much is being awarded to Buyers in closing cost assistance, rate buy-downs, and other incentives to drive and keep more buyers in the market.
FIRST-TIME BUYER homes priced below $400,000 have just about disappeared in SW Washington. By summertime, I doubt they will exist. Click here to see that info.
FAIRVIEW VILLAGE is an anomaly in the area, holding prices higher. Click here to see the info.
LONGVIEW / KELSO area is still attractive for families looking for starter homes. Click here to see that info.
And get your home value, or the neighbor's house, instantly! Click here for that page.
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Let me know how I can help you!
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Steve Milford
Hello, I'm Steve Milford, and I look forward to meeting and working with you. My perspective is a little bit different. I didn't become a Realtor for a job, I starting this journey because I like to f....
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Here’s a collection of last month’s sales data for the areas served by RMLS. I hope you find it helpful.Want to get notified of new updates by email? Click here to subscribe!Please note,
January's Jobs Report warrants a closer look, inflation data was encouraging, and existing home sales slowed to start the year. Here's a look at the key highlights.Headline Jobs Number Strong, But
Here’s a collection of last month’s sales data for the areas served by RMLS. I hope you find it helpful.Want to get notified of new updates by email? Click here to subscribe!Please note,
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLSTM.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than Kelly Right Real Estate are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 23, 2026 7:36 PM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Southern Oregon Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
