News & Notes

Here is the latest data for you on the overall Portland area, as well as specific Lake Oswego/West Linn (RMLS lumps them together) activity:

August activity was slightly down from July, but still very much improved from August of 2012.

According to the RMLS Market Action Report for the Portland Metro Area  August, 2013:

  • At 2,623, August Closed Sales were a 5.2% down from July’s 2,766, and/but represent the best the best August for Closed Salws since 2009!
  • There were 3,423 New Listings in August. This was a decrease of 11.7% from July, and an increase of 10.5% over August of 2012.
  • The Average Sale Price in August was $321,900, down from $326,500 in July 2013.
  • Pending Sales (accepted offers) dropped slightly from July 2013’s total of 2,738  to 2,614 in August.

The combined areas of Lake Oswego and West Linn  for August reported :

    • 568 Active Listings
    • 206 New Listings
    • 130Pending Sales
    • 125 Closed Sales
    • An average Sale Price of $548,600.
    • Average Time on the Market: 75Days