Lake Oswego Real Estate This Week Stats

I have been reporting since the beginning of May that I had noticed a slow down and a decrease in prices in Lake Oswego, although our RMLS™ had not reported that as of yet.  Our RMLS™ stats are one month behind, and it is still not reporting a slow-down in pricing.  However, the July report will be out in the next few days and I will post that information here.

What the  RMLS™ has been reporting, however, is a slow-down in lockboxes being opened – i.e. a decrease in showings each week.  My Facebook Real Estate Group real estate brokers are also still noting the slow-down. Once the RMLS™ stats are published, I will look at the stats closer to see if I can notice a trend or not.

Lake Oswego This Week Stats

If you check back in my “This Week Stats” blog posts you will see I had noted that 34%, then 37%, then 41% of properties each week had reduced their asking prices.

This week you can see that has now jumped to 52%.  In other words, 52% of the listings currently on the market for sale reduced their list prices.

You can also see that the median list price has dropped below $850,000 and now stands at $849,000. Three quarters of all listings are still in the jumbo loan category – above $600,000 (asking prices above $750,000 now for sale).  Only 1/4 of all listings in Lake Oswego are under $550,000.  Affordability still high in Lake Oswego.

In addition, This Week’s Stats show that the seller’s advantage has been dropping.  In other words, it is slowly falling to either a “normal” market range or edging ever so slowly towards a buyers’ market.  I will keep watching this.

Lake Oswego This Week Stats As Of Monday, August 7, 2017

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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