News & Notes

Here is the “just-released” data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

Well, Folks… The market is definitely picking up. Just take a look at how the numbers break out below. According to the RMLS Market Action Report for the Portland Metro Area March, 2013.

  • At 1,935, Closed Sales were the best since 2007, and a 40.6% increase over Feb. 2013!
  • There were 3,002 New Listings, which is an increase of 22.4% over Feb. 2013!
  • The Average Sale Price in March was $299,000, up from $282,000 in Feb. 2013.
  • Pending Sales increased from Feb. 2013 by 23.4% to 2,628.

For our Property Blotter readers, the combined area of Lake Oswego and West Linn also reported every sales aspect improving compared to last month:

    • 435 Active Listings
    • 183 New Listings
    • 154 Pending Sales
    • 125 Closed Sales
    • An average Sale Price of $494,900.
    • Average Time on the Market: 120 Days

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