Here are the latest/September numbers for the entire Portland area (and Lake Oswego details below):
According to the RMLS Market Action Report for the Portland Metro Area, September, 2016:
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- There were 3,673 New Listings in September which was down a whopping 12.6% from August, and up 7.3% from September of 2015.
- At 2,823, September Closed Sales were also down 5.9% from August’s 3,001, and down 6.2% from September of 2015’s 3,010.
- September Pending Sales (Accepted Offers), at 2,857 were down 14.1% from August’s 3,325, and were also 3.8% lower than September of 2015’s 2,971.
- The Average Sale Price in September of $392,200 was down $7,900 from August’s $400,100, and also up around $43,200 from September of 2015’s $349,000. _____________________________________________________ September Average Sale Price + Appreciation (last 12 months):
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- North Portland: $381,400 14.3% (Aug: $373,400/12.8%)
- NE Portland: $437,200 10.3% (Aug: $426,400/ 9.2%)
- SE Portland: $368,200 11.0% (Aug: $369,400 / 11.0%
- Gresham/Troutdale: $296,900 12.6% (Aug: $311,600 / 13.1%)
- Milwaukie/Clackamas: $395,100 11.1% (Aug: $385,300 / 8.6%)
- Oregon City/Canby: $364,100 11.6% (Aug: $364,100 / 12.8%)
- Lake Oswego/West Linn: $619,800 14.2% (Aug: $619,600 / 11.8%)
- West Portland: $505,100 10.3% (Aug: $572,100 / 9.8%)
- NW Washington County: $473,300 7.8% (Aug: $495,200 / 7.0%)
- Beaverton/Aloha: $335,100 9.9% (Aug: $350,300 / 9.4%)
- Tigard/Wilsonville: 400,700 10.6% (Aug: $402,200 / 10.7%)
- Hillsboro/Forest Grove: $345,300 14.1% (Aug: $328,100 / 12.4%)
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The combined areas of Lake Oswego and West Linn (RMLS lumps them together) for the month of September 2016 reported:
- 412 Active Listings (Aug/452)
- 191 New Listings (Aug/229)
- 159 Pending Sales (Aug/162)
- 128 Closed Sales (Aug/166)
- Average Sale Price for September: $619,800 (Aug/ $619,600)
- 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: 53 Days (Aug /59)