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2020-01-11 19:32:05
Lake Oswego Real Estate RMLS Market Action Report December 2019

This is probably the most important report from RMLS™ as it summarizes the last month of the year 2019.  I will post individual stats later this week for schools neighborhoods, etc.  However, here is the December 2019 RMLS™ Market Action Report:

December Residential Highlights

New Listings

New listings, at 1,270, increased 1.2% from December 2018 (1,255) and fell 40.0% from November 2019
(2,118).

Pending Sales

Pending sales (1,772) increased 10.8% over the 1,599 offers accepted in December 2018, and fell 22.1%
short of the 2,274 offers accepted last month in November 2019.

Closed Sales

Closed sales (2,213) rose 19.9% from the 1,846 closings recorded last year in December 2018 and increased 1.0% compared with the 2,191 closings recorded last month in November 2019.]

Inventory and Total Market Time

Inventory decreased to 1.8 months this December, while total market time increased to 64 days.

Year to Date Summary

Comparing the twelve months of 2019 to the same period of 2018, new listings (40,579) have decreased 1.7%, pending sales (30,430) have increased 2.1% and closed sales (29,700) have decreased 0.2%.

Average and Median Sale Prices

Comparing 2019 to 2018 through December, the average sale price has increased 1.5% from $452,400 to
$459,200. In the same comparison, the median sale price has increased 2.5% from $400,000 to $410,000.

Market time - days on the market to sell - has increased and the overall appreciation rate for the Portland metro area is 2.5% YTD.

Lake Oswego Real Estate Summary RMLS Market Action Report December 2019

Lake Oswego also has a low inventory level.  The number of active listings had been higher throughout this past year but we currently have 2 months of inventory - not a lot better than the entire Portland metro area and a sellers' real estate market is appearing everywhere still.  However, prices in the Lake Oswego market - YTD % change was -2.4%.  I will write a blog post specifically for Lake Oswego in the coming week.

I can say, though, that our January is showing up like a Spring real estate market.  It is crazy busy and the serious buyers are out there.  Don't wait to put your home on the market in the Spring when there is a lot more competition, list your home now!

My Wordpress blogs have been compromised.  I have had to make them private and they are no longer available for viewing.  Go to my bettyjung.com site and click on Betty's Blog - that is where you will find me from here out out.  

Thinking of Selling Your Lake Oswego Home?

Prices are still increasing in Lake Oswego. Interest rates are low and there is still buyer demand. 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.  Check out my website where you can search. My website provides 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! 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 2008-2020 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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