Activity overall is mixed in the Portland area in relation to 2017, and the general consensus is that the market is leveling out a bit.
Here is your look at the most recent data for the entire Portland area (July) and how Lake Oswego fits in to this picture just below:
- According to the RMLS Market Action Report for the Portland Metro Area, July, 2018:
- There were 4,312 New Listings in July 2018 which was up 2.6% from July of 2017’s 4,202, and down 4.5% from the previous month/June of 2018’s total of 4,515.
- At 2,736, July Closed Sales fell 2.0% from July 2017’s 2,793, and/but were also down 7.1 % from the previous month/June 2018’s total of 2,946.
- July’s Pending Sales (accepted offers), at 3,071 were up slightly at 1.0% from July of 2017’s 3,040, and were also up 0.4% from the previous month/June 2018’s total of 3,059.
- The Average Sale Price in July of $455,100 was up $7,700 from July 2017’s $447,400, and down from the previous month/June 2018’s $472,400 by $17,300.
Neighborhoods: July’s Average Sale Price + 12-month Appreciation :
- North Portland: $415,900 6.7% (June 430,100)
- NE Portland: $467,400 4.8% (June 490,000 )
- SE Portland: $425,400 6.9% (June 443,600)
- Gresham/Troutdale: $361,500 10.5% (June 357,900)
- Milwaukie/Clackamas: $427,400 5.5% (June 434,100 )
- Oregon City/Canby: $439,400 7.4% (June 434,100)
- Lake Oswego/West Linn:$689,700 6.3% (June 685,700)
- West Portland: $591,000 1.4% (June 635,600)
- NW Wash County: $552,500 4.5% (June 572,200)
- Beaverton/Aloha: $383,600 7.9% (June 400,100 )
- Tigard/Wilsonville: $452,700 8.6% (June 481,500 )
- Hillsboro/Forest Grove: $403,100 8.5% (June 409,900)
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of July 2018 reported:
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- 498 Active Listings (June 341)
- 269 New Listings (June 261)
- 164 Pending Sales (June 192)
- 153 Closed Sales (June 154)
- Average Sale Price for July: $689,700 (June 685,700)
- 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.
- 53 Average Days on the Market (June 52)