Take a break from Holiday Merry-Making and check out what’s happening in the local real estate market!
Here is some recent data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:
According to the RMLS Market Action Report for the Portland Metro Area November, 2012. At 1,733, closed sales were 13.9% higher than November 2011 sales of 1,521.
In the first 11 months of 2012, there were 30,964 new listings, 22,726 accepted offers, and 21,546 closed sales. The average sale price year-to-date ($273,800) rose 3.9% over the same period last year, ***AND… Total time on the market has dropped by 21.5% from 143 to 112 days.
For our Property Blotter readers, the combined area of Lake Oswego and West Linn reported:
- 520 Active Listings
- 94 New Listings
- 101 Pending Sales
- 97 Closed Sales
- An average Sale Price of $425,600.
- Average Time on the Market: 128 Days