Supra Lockbox Activity Week Ending 7/4/10
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 DECREASE in activity for Oregon, which also includes Portland, OR real estate activity. The Metro Porltand market is the largest in the State. But this is an all encompassing Statewide stat. Keep in mind: This does NOT mean that sales, closed transaction, inventory have INCREASED or DECREASED.
In last week's (week ending 6/27/10) report I wrote: There is a slight uptick in activity, but we're still under a little from last year's numbers. Sunday seems to be the day when people were out looking. A postiive thing, since weekends are when the majority of house-hunters are out and about. The next week's report will include the 4th of July weekend, so it wouldn't surprise me if the stats were down. But at least, for this week, the arrow is moving in the right direction!
This week's report: The decrease of 6.6% might be due to the 4th of July weekend, which I thought would, certainly, equate to less buyer activity. The numbers to watch, at least IMHO, are what the month of July will do compared to last year when activity level was over 20,000 and holding steady for about 2 months.
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??
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