How’s The Market?
November Residential Highlights
New listings, at 2,118, decreased 8.3% from November 2018 (2,310) and fell 30.9% from October 2019 (3,064).
Pending sales (2,274) increased by 19.4% over the 1,904 offers accepted in November 2018 and fell 11.7% short of the 2,575 offers accepted last month in October 2019.
Closed sales (2,191) rose 2.2% from the 2,144 closings recorded last year in November 2018 and decreased 15.3% compared with the 2,588 closings recorded last month in October 2019.
Average and Median Sale Prices
Comparing 2019 to 2018 through November, the average sale price has increased 1.4% from $453,100 to $459,300. In the same comparison, the median sale price has increased by 2.5% from $400,000 to $410,000.
Below is a table with data from the RMLS for specific areas. Note that Appreciation is based on a comparison of the rolling average sale price for the last 12 months with the 12 months prior. Days on Market is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, DOM continues to accrue; however, it does not include the time that it was off the market:
|Area||Days on Market||Median Sales Price||Appreciation|
|Lake Oswego/West Linn||101||$590,000||1.4%|
|NW Washington County||55||$515,000||-1.8%|