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Lake Oswego Real Estate Market Trends Update – September 2018

The Lake Oswego real estate market finished August with 93 closed sales, which is down from the 117 & 104 closed sales recorded during the prior months of June and July respectively. Of the 93 closed sales in August, 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 63 closed sales of homes valued at $500K or more during August and a total of 218 over the three month period of June – August.

The inventory level is lowest in the up to $250K price bracket at 2.1 months and overall it is at 3.4 months worth across all price brackets based solely on the August Closed Sales Rate. Looking back over the last three months average closed sales rate, the inventory picture decreases slightly to 3.0 months worth across all price brackets.

The average sold price in August was $825K which is an increase of $89K, compared to $736K in July. Meanwhile, the median sold price in August increased to $651K, up slightly from $650K the prior month. The average price of the active listings was $1,026K while the median price was $799K as of today.

 

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This post first appeared on Portland Oregon Real Estate And Homes | Executive, please read the originial post: here

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Lake Oswego Real Estate Market Trends Update – September 2018

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