Lake Oswego Real Estate This Week Stats

On June 7, I wrote a “This Week Stats” post where I stated that I, along with other local Lake Oswego real estate agents, had been noticing a slow down.  I had noticed it since the beginning of May while others had noticed it even earlier than that.

This Week’s post today confirms what I wrote.  According to This Week stats it shows “that the market has started cooling and prices have been flat for several weeks.” Also, this week there were 36% of all listings that had a reduction in sales price. The good news however, is that Lake Oswego inventory has dropped from 2.9 months down to 2.3 months according to the latest RMLS™ Market Update for the month of May, 2017. Of course good for sellers, but not as good for buyers with fewer houses on the market to purchase. However, the median sales price did drop from $999,000 to $985,000 this week.

Therefore, could this still be just a blip due to vacations, graduations, weddings, proms, etc?  If this is a trend, I would need to watch it for several more months so see if in fact this is a longer slowdown, or just a summer pause.

This Week Stats As Of Monday June 19, 2017

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Source: Altos Research and Ticor Title

 

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 but are increasing, and there is still 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 2008-2018. Betty Jung. All Rights Reserved. Use of this article, photos and images without permission is in violation of federal copyright laws.

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