Lake Oswego Real Estate This Week Stats

In the last several weeks, 34% then 37% and now 41% of Lake Oswego real estate listings saw a price reduction. In addition, the median list priced dropped from $897,000 to this week’s $850,000.

I have written several posts indicating I was seeing prices dropping in the Lake Oswego Real Estate market.  Whether this is an on-going trend will need to be determined after several months.  But for now, the prices seem to be dropping in Lake Oswego.

Three quarters of all properties listed in Lake Oswego are still above the jumbo loan limit of $600,000.  Only 1/4 of the listings in Lake Oswego are under $549,925.

If you are a seller, and your home has not sold, it is time to reduce your asking price.  If you are a buyer for Lake Oswego real estate, keep watching my posts to see if this is an on-going trend in our market.

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How To Interpret Characteristics Per Quartile: With the quartiles we take all the active listings and list them from most expensive to least expensive.  We then divide that by 4 so that each segment has the same amount of inventory (combine the inventory for each quartile and it will equal total inventory for said area).  The “New” is any new listings over the last week.  The “Absorbed” is anything that is no longer 100% active (i.e. pending, sold, expired, removed and etc.).

Source:  Altos Research and Tico Title

Searching for Real Estate

My phone app http://app.summarealty.com/SMAFZ, has recently been updated.  If you are looking to purchase, this is a great way to search.  Or, if you want instant notifications from RMLS™, please let me know and I can arrange for you to receive alerts for listings as soon as they come on the market for sale.

Or go to my website http://bettyjung.com for additional information.

Thinking of Selling Your Lake Oswego Home?

Interest rates are still low and there is still a huge pool of buyer demand. Buyers are ready and willing to purchase your home. Call me at 503-804-9685 if you are thinking of making a move.

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.

Having worked in Lake Oswego as a Real Estate Broker since 1978 and lived in Lake Oswego since 1988, I know all the neighborhoods. 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 2008-2017. 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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