Combined with the decreased number of new listings, the small price increase, and the increased number of closed sales—this is a great time to list your home. Inventories are depleted and buyers are abundant.

2012 is heating up with signs of average sale prices starting to plateau, and increased buyer confidence. List now during the spring buying season.

Portland Metro: Q1 2011 vs. Q1 2012

Average Price: $251,700

-0.4% Change

Pending Sales Increased

+18% Change

New Listings Decreased

-12% Change

Closed Sales Increased

+12.2% Change

Lake Oswego/West Linn: Q1 2011 vs. Q1 2012

Average Price: $380,600

+0.8% Change

Pending Sales Increased

+15.7% Change

 

Information courtesy of RMLS

Joelle Lewis | RE/MAX Equity Group Lake Oswego

503-407-8586