Special offer

Supra Lockbox Activing - Week Ending 1/24/10

By
Industry Observer with RETIRED / State License is Inactive Inactive License Oregon

Supra Lockbox Activity -- Week Ending 1/24/10

NOTE:  The Supra Lockbox is the magic access key that allows agents to open the doors on listed property.  It also keeps statistics, and as you can see, there has been a INCREASE in activity, and this includes Portland, OR real estate activity.  This does NOT mean that sales, closed transaction, inventory have INCREASED or DECREASED.

In last week's report I wrote: Only a moderate increase in Supra Lockbox activity.  We had a large percentage increase in the past few weeks, and it was ADJUSTING to the drop offs which can be expected during the year-end Holidays.  What this slight INCREASE of 4.8% means is that it really wasn't a busy week at all.  Please consider that this is about the same level off Supra Lockbox activity that we experienced week ending October 18, 2009 (click to view).  Levels dropped considerably after mid-October (again, due to the weather and upcoming holidays). 

The activing level on home shoppers has had another INCREASE.  At 6.1% this little, by little indicator means that buyers are heading out.  The weather, which has been very mild in comparison to last year's mid-winter c-c-c-c-c-c-c-COLD is helping to bring the buyers out.  There was slightly more than 1,000 more lock boxes opened, and this can only mean one thing:  Houses are getting shown.  While the competition for houses is really reflected with only the slight uptick, this is a 'wait see' for the months ahead, and the end of the $8,000 tax credit.  Will the market activity increase?!?

BUYERS:  What that means for you . . . the properties you have interest in might / might not have the level of activity as expected.  These showings are for the RMLS Supra lockbox in the state.  The Portland, OR real estate market might have slightly higher levels of activity.

SELLERS:  Check and see with your listing agent if the STAT above is holding true with your property.  Are you getting any more showings, or has activity level dropped??

Posted by

 

 

Carla Muss-Jacobs has RETIRED effective May 1, 2018

Representing Buyers in the Portland Metro Real Estate Market | Clackamas Multnomah and Washington Counties | Since 1999

Carla Muss-Jacobs, REALTOR®, ABR, CEBA, ePro
Principal Broker/Owner ~~ INACTIVE

Carla Muss-Jacobs' retirement became effective May 1, 2018

Direct: 503-810-7192 

 

All Rights Reserved © 

Comments (0)