Here is your look at the most recent data for the entire Portland area (October 2019) and how Lake Oswego fits in to this picture just below.
According to the RMLS Market Action Report for the Portland Metro Area, October, 2019:
- There were 3,064 New Listings in October 2019 which was down 1.2% from October of 2018’s 3,100, and 11.7% from the previous month/September’s 3,470.
- At 2,588 October 2019’s Closed Sales rose at 6.1% over October 2018’s 2,440, and also increased 8.9% from the previous month/September 2019’s total of 2,377.
- October 2019’s Pending Sales (accepted offers), at 2,575 were up 3.7% from October of 2018’s 2,484, but fell 4.1% from the previous month/September 2019’s total of 2,686.
- The Average Sale Price in October 2019 of $461,400 up $7,000 from last year/October 2018’s $454,400, and up $3,000 from the previous month/September 2019’s $458,400.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in October 2019 of $410,500 was up from last year/October 2018’s $395,000 by $15,500, and up $500 from the previous month/September 2019’s $410,000.
Neighborhoods: October’s Average Sale Price + 12-month Appreciation :
- North Portland: $408,000 -0.4% (Sep $422,300)
- YTD Median: $407,500
- NE Portland: $466,800 2.3% (Sep $429,000)
- YTD Median: $430,000
- SE Portland: $422,000 2.2% (Sep $422,600)
- YTD Median: $376,000
- Gresham/Troutdale: $376,000 4.3% (Sep $368,800)
- YTD Median: $350,000
- Milwaukie/Clackamas: $431,600 3.6% (Sep $442,000)
- YTD Median: $419,000
- Oregon City/Canby: $438,100 4.9% (Sep $437,400)
- YTD Median: $411,000
- Lake Oswego/West Linn:$763,800 1.2% (Sep $680,900)
- YTD Median: $589,900
- West Portland: $627,500 -2.5% (Sep $593,700)
- YTD Median: $520,000
- NW Wash County: $573,800 -1.8% (Sep $534,800)
- YTD Median: $520,000
- Beaverton/Aloha: $405,500 4.5% (Sep $408,100)
- YTD Median: $390,000
- Tigard/Wilsonville: $474,700 1.9% (Sep $465,900)
- YTD Median: $439,900
- Hillsboro/Forest Grove: $420,700 4.3% (Sep $411,300)
- YTD Median: $384,900
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of October 2019 reported:
-
- 354 Active Listings (Sep 405)
- 129 New Listings (Sep 162)
- 126 Pending Sales (Sep 128)
- 106 Closed Sales (Sep 120)
- Average Sale Price for October: $763,800 (Sep $680,900)
- 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.
- 92 Average Days on the Market (Sep 58)