Here are some Market Notes for You~
According to the RMLS Market Action Report for May 2012, the combined area of Lake Oswego and West Linn reported:
- 615 Active Listings
- 201 New Listings
- 169 Pending Sales
- 112 Closed Sales
- An average Sale Price of $482,500.
- Average Time on the Market: 167 Days
For the Portland Metro Area…………….
- April 2012: Unsold inventory is at its lowest since March 2007
- If you compare May to the previous month of April 2012, Closed Sales grew by 15.1%
- Pending Sales (2522) representing highest in May since May 2007when there were 3054.
- Closed Sales numbered 2098mwhich is a 20.4% increase over May 2011.
- Aveage Sales Price rose 7.2% over May of 2011