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2020-02-23 14:00:58
Lake Oswego Real Estate RMLS Market Action Report January 2020

If you have been following my WordPress blog - ALL ABOUT.....Lake Oswego Real Estate, that has now been shut down.

I had been attacked, and am still being attacked even though there is no longer a blog, by thousands and thousands of nefarious spammers.  While WordPress indicated that would not harm my blog, I did not want all the links they were posting to continue showing on my blog site.  Therefore, I shut it down.

Lake Oswego Real Estate RMLS™ Market Action Report January 2020

January Residential Highlights

New Listings

New listings, at 2,754, decreased 9.6% from January 2019 (3,048) and rose 116.9% from December 2019 (1,270).

Pending Sales

Pending sales (2,271) increased 11.1% over the 2,045 offers accepted in January 2019, and rose 28.2% from the 1,772 offers accepted last month in December 2019.

Closed Sales

Closed sales (1,663) rose 14.6% from the 1,451 closings recorded last year in January 2019 and decreased 24.9% compared with the 2,213 closings recorded last month in December 2019.

Inventory and Total Market Time

Inventory increased to 2.2 months this January. Total market time increased to 74 days.

Year to Date Summary

This year new listings (2,754) have decreased 9.6%, pending sales (2,271) have increased 11.1% and
closed sales (1,663) have increased 14.6%.

Average and Median Sale Prices

Comparing January 2020 to January 2019, the average sale price has increased 6.3% from $435,600 to $463,000. In the same comparison, the median sale price has increased 5.5% from $384,900 to $406,000.

Lake Oswego Real Estate Market Stats

Lake Oswego/West Linn (our RMLS™ reports cover both these markets in our Market Action Reports) shows inventory was 2.9 months for Lake Oswego/West Linn.  Inventory in these two markets was/is higher than in the Portland metro areas.  The increase in value month-to-month was 2.7% for WL & LO and houses took 117 days to sell.

Summary

January was an absolutely crazy real estate month.  It was busy, busy and felt as if we were in a Spring real estate market instead of Winter.  Interest rates are still below 4% and a wonderful time to buy or sell.  Let's talk about your next move.

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.”

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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