News & Notes ~ June 2016

Here are the latest/June numbers for the entire Portland area:

According to the RMLS Market Action Report for the Portland Metro Area, June, 2016:

  • There were 4,501 New Listings in June which was up 8.6% from May, and up 5.2% from May of 2015.
  • At 3,158, June Closed Sales were up 9% from May’s 2,896, and down 4.4% from June of 2015’s 3,302.
  • June Pending Sales (Accepted Offers), at 3,390 down  4.9% from May’s 3,563, and were also  6% lower than June of 2015’s 3,605.
  • The Average Sale Price in June of $412,000 was up $9,500 over May’s $402,500, and also up around $42,500 from June of 2015’s $369,500. 

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The combined areas of Lake Oswego and West Linn  (RMLS lumps them together) for the month of June 2016 reported:

    •  410 Active Listings 
    •  288 New Listings   
    •  189 Pending Sales
    •  165 Closed Sales 
    • Average Sale Price for June: $650,200
      • 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: 45 Days
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