SkyBlue Portland Real Estate Group
Lake Oswego, OR
Single-Family Homes
Jim Bradley 971-804-4618 | Rachel Bradley 503-936-3373
Lake Oswego, OR
Thu Feb 20 2020
This week the median list price for Lake Oswego, OR is $1,425,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 105.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,425,000 | |
| Per Square Foot | $370 | |
| Days on Market | 196 | |
| Price Decreased | 25% | |
| Price Increased | 7% | |
| Relisted | 23% | |
| Inventory | 105 | |
| Median Rent | $2,625 | |
| Most Expensive | $7,999,000 | |
| Least Expensive | $184,900 | |
| Market Action | 34 | |
| Slight Seller's Advantage | ||
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $2,687,500 | 5,741 | 0.5 - 1 acre | 4 | 4 | 27 | 1 | 0 | 277 |
| $1,642,000 | 3,900 | 0.25 - 0.5 acre | 4 | 3 | 18 | 2 | 0 | 249 |
| $1,199,925 | 3,363 | 0.25 - 0.5 acre | 4 | 3 | 13 | 6 | 3 | 140 |
| $749,900 | 3,036 | 0.25 - 0.5 acre | 4 | 2 | 43 | 4 | 5 | 121 |