I agree that the days on market number tells only part of the story. I haven’t heard if the board is addressing the CDOM as a more suitable reporting method. Certainly knowing the full story on individual properties and neighborhoods is an important data point for both sellers and buyers, so good agents will do the legwork to derive a better expectation for their clients.

A note about ‘appreciation’–the local board uses a 12-month rolling average of prices and compares them to the previous 12 months. In this example, you’re looking at 07/01/2007-06/30/2008 vs. 07/01/2006-06/30/2007. This method tends to obscure the most recent months’ activity, in my opinion. Take it with a grain of salt.

5% appreciation in some of the areas you mentioned are pretty amazing considering the events of the past year, and I agree with Jeff J regarding the DOM.

Here in Tucson our board just recently implemented a DOM/CDOM (Cumulative DOM) in the MLS that is viewable to everyone and paints a full picture for all interested parties; although it has been met with resistance my clients seem to unanimously agree it’s a good idea.

How can this be? Realtors re-list the house in the MLS and start the number for DOM over and the game continues. DOM, as it stands now, is a farce and a fraud and a joke.

The realtor board should post TDOM for areas of town generated by looking at an address with the same owner within the last 18 month period. i dare the realtor board to do that one…

It would tell a much grimmer story. Houses take much longer than the 70 ot 100 day expectation that DOM sets.

Using TDOM would also give people much more reasonable expectations when they go to sell their house.

And that number is rising fast…

Read that too. Everyone’s gonna have more skin in the game this time around.

Breaking up the NoPo area will take a little spreadsheet work, but I’ll try to fit it in as time permits. I’m curious, too, since I have a listing coming up soon in Boise/Eliot.

Downpayments – it’s the new black, coming soon to a city near you.

I view your blog quite often but do not comment so thanks for all the work.

Was curious about a couple of things.

The stats from RMLS for Portland Metro do those exclude Clarke county? I know the Case Schiller index states include Clarke county so I am just making sure I compare apples to apples when looking across these.

Also since I live in St Johns I of course am particularly interested in what happens here. I am always see the DOM and Appreciation rates holding well for “North” Portland in the statistics but I am guessing that is more Alberta and Mississippi area’s of North Portland not St Johns AKA the “Fifth Quadrant”. I see on Trulia that St Johns does not typically hold up as well as these other North Portland areas. Is the RMLS showing that also?

Thanks!

Yep, they are now posted at the top.

Your comment has prompted me to use a standard table format to show those numbers each month. Thanks for the request.