The Lake Oswego real estate market finished September with 70 closed sales, which is down from the 95 & 100 closed sales recorded during the prior months of July and August respectively. Of the 70 closed sales in September, 1 was a distressed property (foreclosures/short sales) representing 1% of the closed sales for the month. As of today, distressed properties accounted for 2.5% of the active listing inventory. There were 48 closed sales of homes valued at $500K or more during September and a total of 189 over the three month period of July – September.

The inventory level is lowest in the $251-500K price bracket at 1.6 months and overall it is at 4.0 months worth across all price brackets based solely on the September Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture decreases to 3.2 months worth across all price brackets.

The average sold price in September was $765K which is a decrease of $22K, compared to $787K in August. Meanwhile, the median sold price in September decreased to $628K, down from $685K the prior month. The average price of the active listings was $1,081K while the median price was $800K as of today.

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New real estate listings in Lake Oswego (last 3 days):

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