News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) numbers:

The latest numbers shows mostly robust activity in Portland and the Lake Oswego/West Linn areas for July.

According to the RMLS Market Action Report for the Portland Metro Area  July, 2014:

  • At 2,678, July Closed Sales rose 2.3% over the month prior (June), but fell 3.2% when compared with July of 2013.
  • There were 3,954 New Listings in July... 2.0% higher than July 2013, but down 3% from the month prior when there were 4,078.
  • The Average Sale Price in July, $344,700, was up nearly $10,000 (9,900)  from the month prior!  In addition the first seven months of 2014 are logging an Average Sale Price of $331,400, which is up 7.9% over the same time period in 2013.
  • July Pending Sales (accepted offers), at 2,802, were down 5.5%  from the month prior. This seems to indicate a slowing where Buyers were not making as many offers in July. That said, the Pending sales are up 2.3% over July 2013 .

The combined areas of Lake Oswego and West Linn  for July reported:

    • 557 Active Listings
    • 230 New Listings
    • 148 Pending Sales
    • 157 Closed Sales
    • An average Sale Price of $560,900.
    • Average Time on the Market: 85 Days
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