Real Estate Industry News – June 2023

Price REMAIN FLAT! LITERALLY, no movement from March to April.

What’s UP Year over Year?

  • Days on Market – 33%
  • Months of Inventory – 78%

What’s DOWN Year over Year?

  • Prices – 2.4%
  • Closed sales – 44.8%
  • Active Inventory – 1.6%

What that means to you?

  • We quite possibly may have hit that traffic jam we’ve all been alluding to.
  • Inventory levels are not changing enough in either direction to heavily impact supply or demand or affordability.
  • Rates are high… or now normal.
  • So ADJUST – this might be what it is for some time.
  • Housing crisis – we continue to discuss this and yet, little has been done to affect progress in this arena; locally or nationally.
  • As a consumer or industry professional, don’t expect this to change anything in the short future or even the next decade.
  • When consider home ownership, you have decide whether you can afford it in any market.
    • Can you sustain the payment, the rate, etc.
    • Don’t expect quick change.
    • Or stabilization. Expect this congestion for a minute or two.
  • Work with a PROFESSIONAL! A local professional that understands your micro market.
  • And remember your favorite title professional team – me and Ticor!


Ticor Title Mid-Valley

315 SE Commercial St.
STE 150
Salem, OR 97301

Phone: 503-585-1881

Fidelity National Title Group

Ticor Title is a part of FNTG, the nation's largest title insurance and escrow services company. FNTG WEBSITE...

Ratings and Claims Paying Ability