News & Notes ~ April Numbers 2015

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

Enjoy!   (If you like this kind of thing…. we do : )

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

  • There were 3,949 New Listings in April which was up 9.8% from the previous month/March, and up 8.8% from April of 2014.
  • At 2,734 April Closed Sales increased 11.3% over March and were up  27.6% from April of 2014.
  • April Pending Sales (accepted offers), at 3,613, was the strongest April since 2005. Up… 6.8%  from March AND 27.9% better than April of 2014.
  •  The Average Sale Price in April of $347,500 was up $10,300. from March’s Average of $337,200, and $14,900 from April of 2014’s $332,600. 

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

    •  364 Active Listings  (373 in March)
    •  237 New Listings    (209 in March)
    •  200 Pending Sales    (174 in March)
    •  161 Closed Sales   (130 in March)
    • Average Sale Price for April of $506,300.  ($475,900. in March)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can scew 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: 73 Days  (104 in March)

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