April 2010 Home Sales Lake Oswego / West Linn
Filed Under Lake Oswego market update, home buyers, home sellers · Tagged: April 2010 Market Update
|
Residential Homes & Condo |
April 2010 |
Change vs. Prior Month (Mar) |
April 2009 |
Change vs. Apr 2009 |
|
Available Inventory |
1,049 (6.0 mos) |
-5.41% |
1,173 (15.4 mos) |
-10.57% |
|
Under Contract |
175 |
53.51% |
76 |
130.26% |
|
Sold |
101 |
10% |
59 |
71.19% |
|
Avg. Days on Market Solds |
82 |
-27.43% |
87 |
-5.75% |
|
Median Sold Price |
$390,000 |
-1.97% |
$395,000 |
-1.27% |
Lake Oswego / West Linn home sales see surge in home sales April 2010.
- Under contract homes climb 130% year over year
- Inventory is less than half what it was a year ago, reaching a new two year low
- Homes selling faster with days on market dropping to 82 days
- Median sale price declines
There is now just a 6.0 month supply of available homes on the market here in Lake Oswego and neighboring West Linn. A balanced market is considered to be 5-6 months of inventory. At 6.0 we may have an equalization of buyers to sellers, good news for our rebounding real estate market.
If you are a home buyer or home seller looking for local professional assistance with your real estate needs. Call or ping me. I would welcome the opportunity to earn your trust.
Roberta Nopson
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