Adrian Olmstead
Broker, Licensed in Oregon
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Lake Oswego

  • Mobile 503-449-9580
  • Office 503-534-1519
Email Me About Me

Sales have clearly shown traffic in the Buyer's Market has picked back up post-Holiday, Low inventory remains...well low (2 months). Rising interest rates are a big factor driving sales. Experts are predicting 5.5% by year's end. Currently, rates are hovering around 4.25-4.5% - last month was sub 4%. That can make a difference of $75,000  in purchasing power for a $1500 monthly payment! And It only goes up from there. So, if you are thinking of buying and or selling if pays to do it sooner.

Across the metro area, February's average sale price is up 2.4% compared to January's average sale price, $482,889 vs $471,365 respectively. In comparison to the same time last year, the average sale price is up a whopping 11.4%.  

In comparison to last month:

  • The number of new listings is up 3.3%
  • The number of homes sold is up 9.2%
  • And the number of homes pending is down 1.9%

In comparison to the same time last year:

  • The number of new listings is down 3.1%
  • The number of homes sold is up 13.6%
  • And the number of homes pending is up 0.5%

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