Here’s your look at the latest numbers in for the entire Portland area (June).
What a difference a month makes! Overall we’ve seen a little slowing from last year, but a bit mixed with New Listings up 2.7%, Pending Sales down 1.7%, and Closed Sales down 2.2%.
Here is your look at the most recent data for the entire Portland area (June) and how Lake Oswego fits in to this picture just below:
- According to the RMLS Market Action Report for the Portland Metro Area, June, 2018:
- There were 4,515 New Listings in June 2018 which was down 4.7% from June of 2017’s 4,739, and down 3.2% from the previous month/May of 2018’s total of 4,665.
- At 2,946, June Closed Sales fell 7.6% from June 2017’s 3,187, and/but were up 5.1 % from the previous month/May 2018’s total of 2,803.
- June’s Pending Sales (accepted offers), at 3,059 dropped 6.0% from June of 2017’s 3,254, and were also down 4.4% from the previous month/May 2018’s total of 3,201.
- The Average Sale Price in June of $472,400 was up $31,800 from June 2017’s $440,600, and also up from May 2018’s $460,700 by $11,700.
Neighborhoods: June’s Average Sale Price + 12-month Appreciation :
- North Portland: $430,100 6.7% (May 418,700)
- NE Portland: $490,000 7.0% (May 504,700 )
- SE Portland: $443,600 6.7% (May 404,900)
- Gresham/Troutdale: $357,900 10.4% (May 346,000)
- Milwaukie/Clackamas: $434,100 6.6% (May 427,900 )
- Oregon City/Canby: $434,100 7.1% (May 435,800)
- Lake Oswego/West Linn:$685,700 8.8% (May 718,200)
- West Portland: $635,600 1.7% (May 603,300)
- NW Wash County: $572,200 5.2% (May 564,500)
- Beaverton/Aloha: $400,100 8.8% (May 388,700 )
- Tigard/Wilsonville: $481,500 9.1% (May 471,700 )
- Hillsboro/Forest Grove: $409,900 9.1% (May 397,400)
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of June 2018 reported:
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- 341 Active Listings (May 422)
- 261 New Listings (May 306)
- 192 Pending Sales (May 191)
- 154 Closed Sales (May 175)
- Average Sale Price for June: $685,700 (May 718,200)
- 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.
- 52 Average Days on the Market (May 63)