Lake Oswego Real Estate This Week Stats 9/11/2017

It has been a little over a month since I have posted This Week stats.  As indicated in other posts, these Altos Research stats are probably the most current.  Our RMLS™ is always reporting on the previous month and the Case-Schiller Report has stats for the previous 3 months.

This Week Stats as of September 11, 2017

This week the Lake Oswego real estate market saw an increase in the median list price.  The last report I posted in August showed the median list price at $849,000 vs. this week the median list price is $899,000.  Granted this is list price and not sales price. In August 52% of all the listings had a price reduction and this week it shows that 54% of all the listings this week had a reduced price. The selling price is the most important rather than the list or asking price.

Days on the market has also increased from 101 days on the market in August increasing to 108 days on the market in this week’s report. It also shows that a seller’s advantage is decreasing.

Seller’s Market But Inventory Increasing

Listing inventory is also increasing in the Lake Oswego real estate market.  In July, Lake Oswego housing inventory was at 2.9 months.  August saw 3 months of inventory.  While not a significant increase, inventory (number of houses for sale) is increasing.  It is still a seller’s market but if we continue to edge towards 5-6 months of Lake Oswego housing inventory, it will become what is called a  “normal or average” real estate market.

As a refresher, an average market is 5-6 months favoring both buyers and sellers (or under 7 months of inventory), below 5 months is considered a seller’s market (obviously benefitting the sellers)  and from 7-10+ is considered a buyer’s market (again benefitting buyers).

Shift In Lake Oswego Real Estate

The Fall seasion is fast approaching.  Showings of houses has increased this past week and there is usually a rush to get into a new home before the holidays.  While it was a slow Summer and we saw some significant changes in our local real estate market, hopefully, this Fall will show increases in the number of houses that have sold.

Our RMLS™ August stats should be out within the next day or so.


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.