Today our RMLS™ released the most recent market action update.  This report is important as the report represents June stats – and we are at end of 6 month market activity.

Most of us here in the Portland metro area have noticed a slow-down.  I am writing more in detail about that in my Jung’s Journal – my real estate newsletter this month.  If you don’t receive my Jung’s Journal,  please send me your email and I will be happy to share what I write to my clients about our real estate activity in the Portland metro areas.

June Residential Highlightshttps://lakeoswegorealestateblog.wordpress.com/

The Portland metro area saw some cooler activity this June, but closed sales saw a gain over last month.

Closed Sales

At 2,946, closed sales slipped 7.6% below the 3,187 closings recorded last year in June 2017, but outpaced May 2018 (2,803) by 5.1%. Even so, June closings were last lower in 2014, when 2,617 were
recorded for the month.

New Listings

New listings, at 4,515, ended 4.7% cooler than in June 2017 (4,739) and 3.2% cooler than last month in May 2018 (4,665).

Pending Sales

Pending sales fared similarly. There were 3,059 offers accepted, falling 6.0% below the 3,254 offers accepted last year in June 2017 and 4.4% below the 3,201 offers accepted last month in May 2018.

Inventory

Inventory rose to 2.1 months in  June, with total market time holding steady at 37 days.

Year to Date Summary Activityhttps://lakeoswegorealestateblog.wordpress.com/

So far in 2018 is a little mixed compared to 2017. New listings (22,079) are up 2.7%. Pending sales (16,297) are down 1.7% and closed sales (14,546) are down 2.2%.

Average and Median Sale Prices

Comparing 2018 to 2017 through June of each year, the average sale price rose 6.2% from $427,000 to
$453,400. In the same comparison, the median sale price rose 6.7% from $375,000 to $400,000.

Lake Oswego Stats

Lake Oswego has 2.6 months of inventory and prices YTD increased by 8.8%.

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are also increasing but are still low and there is 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.

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.

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 a violation of Federal copyright laws.

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