News & Notes ~ May Numbers

Here are the most recent real estate numbers for Portland and the Lake Oswego/West Linn areas (RMLS lumps them together).

Enjoy!  I hope you find this helpful.

According to the RMLS Market Action Report for the Portland Metro Area, May, 2015:

  • There were 4,161 New Listings in May which was up 5.4% from the previous month/April, but down 0.7% from May of 2014.
  • At 2,942 May Closed Sales increased 7.6% over April, and were up  18.5% from May of 2014.
  • May Pending Sales (accepted offers), at 3,546, was down a bit from the previous month by 1.9%, and was 18.6% better than May of 2014.
  •  The Average Sale Price in May of $359,100 was up $11,600. from April’s Average of $347,500, and up $23,800 from May of 2014’s $335,300. 

The combined areas of Lake Oswego and West Linn  for the month of May 2015 reported:

    •  414 Active Listings  (364 in April)
    •  276 New Listings    (237 in April)
    •  191 Pending Sales    (200 in March)
    •  155 Closed Sales   (161 in March)
    • Average Sale Price for May of $533,300.  ($506,300. in April)
      • NOTE: Higher-Priced vs Lower-Priced Homes Sales can scew the “Average” in any given month.  Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche.
    • Average Time on the Market: 78 Days  (73in April)