![]() Last week Lake Oswego saw 19 New properties enter the market, 9 move to Pending status, and 8 Sold/Closed. Lake Oswego has quite a variety, so this tends to be a less meaningful stat, generally speaking, in this niche. NOTE: Higher-Priced vs Lower-Priced Homes Sales can skew the “Average” in any given month. At 2,079 March 2023’s Pending Sales (Accepted Offers) are down 31.7% from March 2022’s 3,045, and up 22.1% from the previous month/Feb’s total of 1,703.There were 2,623 New Listings in March– down 25.5% from 3,521 in March 2022 and up a whopping 48.7% from the previous month/Feb’s 1,764.Rates: “We have seen the rate markets stabilize recently with rates staying in the lower 6% range.” Gary Boyer, Regional VP, Directors MortgageĪccording to the RMLS Market Action Report for the Portland Metro Area-March 2023: Here’s what our resident expert has to say about that: It looks like the jobs numbers are coming more in line w/what the Fed wants to see, so the big pain *may* be ending and rates may start to come down. Activity is strong and this spring I think we’re looking at lots of Buyers out looking for homes & not as many houses available ratio-wise… You know what that means. Prices are up everywhere except for Milwaukie, NW Washington County& Hillsboro. Inventory stayed pretty close to last month, dipping a little. New, Pending & Sold Listings are all up from the previous month, which is what we’d expect at this time of year. Overview/Fluctuations ~ March 2023 Market Data :
0 Comments
Leave a Reply. |