Market Conditions Ending September 30, 2011

Inventory remains under 7 months at 6.7 months for Portland Metro. Lake Oswego still remains high at 9.43 months. Conversely Lake Oswego also is the lowest price change percent from the last 12 months to previous 12 months only losing -3.7% of value. The average sales price in Lake Oswego is $474,800. Lake Oswego has always lead Oregon in average sales price. Overall in the Portland Market homeowners lost an average of -5.9% of their current value when compared to the previous 12 month average. Total market time remains strong at 131 days. When comparing last year September new listings are down, pending sales are up, closed sales are up, average sales price is down, and the total market time is the same.