News & Notes

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

Also:

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

 

 

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