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 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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