Here is your look at the most recent data for the entire Portland area (September 2019) and how Lake Oswego fits in to this picture just below.
According to the RMLS Market Action Report for the Portland Metro Area, September, 2019:
- There were 3,470 New Listings in September 2019 which was down 3.8% from September of 2018’s 3,606, and 7.6% from the previous month/August’s 3,757.
- At 2,377 September 2019’s Closed Sales rose at 4.6% higher than September 2018’s 2,272, and fell 18.1% from the previous month/August 2019’s total of 2,901.
- September 2019’s Pending Sales (accepted offers), at 2,686 were up 8.7% from September of 2018’s 2,471, but fell 8.3% short from the previous month/August 2019’s total of 2,929.
- The Average Sale Price in September 2019 of $458,400 up $10,600 over last year/September 2018’s $447,800, and down $4,200 from the previous month/August 2019’s $462,600.
- The “Median” Sale Price (the price smack dab in the middle of all sales) in September 2019 of $410,000 was up from last year/September 2018’s $392,500 by $17,500, and down $7,500 from the previous month/August 2019’s $417,500.
Neighborhoods: September’s Average Sale Price + 12-month Appreciation :
- North Portland: $422,300 0.2% (Aug $440,400)
- YTD Median: $408,0500
- NE Portland: $481,600 2.6% (Aug $506,200)
- YTD Median: $430,000
- SE Portland: $422,600 1.4% (Aug $424,000)
- YTD Median: $375,000
- Gresham/Troutdale: $368,800 4.3% (Aug $372,500)
- YTD Median: $350,000
- Milwaukie/Clackamas: $442,000 3.3% (Aug $449,000)
- YTD Median: $419,000
- Oregon City/Canby: $437,400 4.6% (Aug $435,800)
- YTD Median: $415,000
- Lake Oswego/West Linn:$680,900 0.8% (Aug $685,500)
- YTD Median: $589,500
- West Portland: $593,700 -1.8% (Aug $578,000)
- YTD Median: $520,000
- NW Wash County: $534,800 -1.2% (Aug $535,100)
- YTD Median: $515,000
- Beaverton/Aloha: $408,100 5.0% (Aug $406,800)
- YTD Median: $390,000
- Tigard/Wilsonville: $465,900 1.5% (Aug $465,200)
- YTD Median: $440,000
- Hillsboro/Forest Grove: $411,300 4.2% (Aug $416,000)
- YTD Median: $384,900
LAKE OSWEGO:
The combined areas of Lake Oswego and West Linn for the month of September 2019 reported:
-
- 405 Active Listings (Aug 452)
- 162 New Listings (Aug 199)
- 128 Pending Sales (Aug 140)
- 120 Closed Sales (Aug 187)
- Average Sale Price for September: $680,900 (Aug $685,500)
- NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew 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.
- 58 Average Days on the Market (Aug 76)