Well, I have been saying it *feels* busy, and there is a lot of activity. The September 2009 data from RMLS proves this. (Source Market Action, 10/15/2009 put out by RMLS).
Here are the first couple of paragraphs of the market summary for the Portland Metro area:
Sales activity in the Portland metro area continued to show improvement over same-month sales from a year ago.
Pending sales were up 34.1% and closed sales rose 9.8% compared to September 2008. New listings fell 14.3%.
Compared to August 2009, pending sales increased 6% (2,286 v. 2,156), but closed sales dropped 2.2% (1,800 v. 1,841). New listings also fell 4.8% (3,599 v. 3,780).
At the month’s rate of sales, it would take approximately 7.6 months to sell the 13,667 active residential listings, down from 10.4 months last September and lower than the 8.6 mark in September 2007.
It sums it up well, and it will be interesting to see what note October 2009 will end on.