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) numbers:

The latest numbers show robust activity in Portland and the Lake Oswego/West Linn areas for June.

According to the RMLS Market Action Report for the Portland Metro Area  June, 2014:

  • At 2,617, June Closed Sales rose 4.2% over last June’s  2,511, and was the strongest June for closed sales in the region since 2007!
  • There were 4,078 New Listings in June... 8.7% higherer than June 2013, but down 2.7% from May when there were 4,192.
  • The Average Sale Price in June was $334,800, down just $500. from May’s $335,300.
  • June Pending Sales (accepted offers) were down slightly at 0.8% from May to 2,965, and/but rose 5.7% from June 2013.

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

    • 539 Active Listings
    • 252 New Listings
    • 162 Pending Sales
    • 156 Closed Sales
    • An average Sale Price of $527,300.
    • Average Time on the Market: 74 Days