Lake Oswego Market: in Graphic Display!
Posted on October 18, 2007
Filed Under Selling Real Estate, Buying Real Estate, Real Estate, General |
Just to follow up on this post, here’s what Lake Oswego looks like as of the end of September. Note each is a two year monthly calculation with an imbeded trend line. Click on the images for a much more complete two page PDF:
Median Price:
Note after about an eight month dip prices are beginning to trend up again.
Supply and Demand:
Note, again, even as sales and pending sales continue to dip, inventory supply is leveling, with fewer coming on the market and fewer being relisted once expired.
And Months Supply of Inventory:
Still high - two months higher than September ‘06 - but trending down, as opposed to the broader Portland Metro area, which is trending up dramatically.
And that’s the point: Markets are definitively local, sometimes hyperlocal. (I just did an analysis for some clients looking for a detached home in Portland City Center, in a specific price range. Months Supply of Inventory: 3.3. Median price through the roof.)
As far as Lake Oswego? I said it once, I’ll say it again:
Time to buy.
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