News & Notes ~ August Numbers

Here are the August numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

According to the RMLS Market Action Report for the Portland Metro Area, August, 2015:

  • There were 3,880 New Listings in August which was down a full 9.2% from the previous month/July, but up 8.3% from August of 2014.
  • At 3,098 August Closed Sales fell 10.3% from July’s numbers, and were up  19.8% from August of 2014.
  • August Pending Sales (accepted offers), at 3,347 were down 4.2% from the previous month, and fared 23.8% better than August of 2014.
  •  The Average Sale Price in August of $364,600 was down  $4,500. from July’s Average of $369,100, and up $24,600 from August of 2014’s $340,000. 

The combined areas of Lake Oswego and West Linn  for the month of August 2015 reported:

    •  454 Active Listings  (July was 447)
    •  228 New Listings   (July was 253)
    •  181 Pending Sales    (July was 190)
    •  181 Closed Sales   (July was 201)
    • Average Sale Price for August of $574,800. (July/$570,800)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • Average Time on the Market: 59 Days (July was 65)
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