Western Suburbs Real Estate Market Report May 2008
Jun 12th, 2008 | By Bob Broad | Category: Market Update, Western Suburbs
We have preliminary market data for the month of May, 2008 for Western Suburbs Real Estate. Included in this report are the communities of Lake Oswego, West Linn, Tigard, Tualatin, Sherwood, Wilsonville, Beaverton (Aloha), Hillsboro, and the NW Washington County.
Highlights Include:
- $290,000 median price is approximately 3% below May 07 $299,000 median price
- 923 properties under contract (pending sales) is approximately 25% below last May’s contract sales of 1,226*
- Sold properties in May were on market an average of 85 days
- There are approximately 8.4 months of inventory on the market at the May sales rate
Western Suburbs Real Estate Market Report May 2008
Charts and tables with pricing, listing, for sale, pending sales, closed sales, days-on-market, and months-of-supply for Portland’s Western suburbs May 2006 - May 2008.
* This data is still early, final May numbers will not be reported until mid-month.
Looking at the numbers by region, it appears that Lake Oswego-West Linn is the softest region within the Western Suburbs. Even at seasonally high May sales rate, there is almost one year of inventory.
D.O.M - Days-on-Market M.O.S. - Months of Supply
Market Report for NW Washington County Market Report for Lake Oswego -West Linn Market report for Beaverton (Aloha)Market Report for Hillsboro Market Report for Tigard, Tualatin, Sherwood & Wilsonville
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