Lake Oswego Real Estate RMLS Market Action Report March 2016

Our latest RMLS™ Market Action Report was issued recently for March 2016.  Here are the latest stats:

The Portland metro area saw some seasonal increases this March, but some numbers are cooler so far for the year to date.https://lakeoswegorealestateblog.wordpress.com

CLOSED SALES:

Closed sales (2,565) were up 4.4% compared to March 2015 (2,457) and 41.5% compared to February 2016 (1,813). The last March that closings were more numerous was in 2007, when 2,775 closings were posted for the month.

PENDING SALES:

Pending sales, at 3,076, rose 10.4% over the 2,786 offers accepted last month in February 2016—but were 9.1% under the 3,384 offers accepted last year in March 2015.

NEW LISTINGS:

Similarly, the 3,409 new listings rose 17.7% above the 2,896 new listings offered last month in February 2016 but were 5.2% cooler than in March 2015 when 3,596 new listings were offered.

DAYS ON MARKET:https://lakeoswegorealestateblog.wordpress.com

Total market time in the Portland metro area decreased to 51 days this March, with inventory decreasing to 1.3 months. There are currently a total of 3,318 active residential listings in the Portland metro area.

AVERAGE AND MEDIAN SALE PRICES:

Comparing the average price of homes in the twelve months ending March 31st of this year ($361,100) with the average price of homes sold in the twelve months ending March 2015 ($334,400) shows an increase of 8.0%. In the same comparison, the median has increased 9.0% from $289,000 to $315,000.

 

SEARCH FOR REAL ESTATE

There are links above to search for real estate.  I have a new website where you can search or you can use my mobile phone app as well. My website and mobile app provide you with access to all listings available on the RMLS™ system regardless of who the listing agent or brokerage may be. Listings are updated frequently throughout the day giving you the information you need, when you need it.

Thinking of Selling Your Lake Oswego Home?

Prices are increasing at a fast pace in Lake Oswego. Interest rates are still low and there is a huge pool of buyer demand. I have ready, willing and able buyers ready to purchase your home. If you want to know the value of your home in today’s real estate market, please call me at 503-804-9685.

Moving to Lake Oswego?

Want to know more about Lake Oswego? I’d love to be your buyer’s agent, please give me a call at 503-804-9685.

I have worked in Lake Oswego as a Real Estate Broker since 1978 and have lived in Lake Oswego since 1988 and know all the neighborhoods! The real estate market is “hot” here in the Portland metro area and Lake Oswego. I am ready to assist you with all your real estate needs! “There is no substitute for experience.”

ALL ABOUT…..Lake Oswego Real Estate. Copyright 2008-2016. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is a violation of Federal copyright laws.

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