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Monday August 1, 2011

First American Title's Executive Summary

LAKE OSWEGO, OR Single Family Homes

This Week The median list price in LAKE OSWEGO, OR this week is $549,900.

Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.

Real-Time Market Profile

Trend

Median List Price $ 549,900 Asking Price Per Square Foot $ 201 Average Days on Market (DOM) 182 Percent of Properties with Price Decrease 45 % Percent Relisted (reset DOM) 11 % Percent Flip (price increased) 2% Median House Size (sq ft) 2918 Median Lot Size 0.25 - 0.50 acre Median Number of Bedrooms 4.0

±+ ±+ ±+

Median Number of Bathrooms

Supply and Demand

Market Action Index

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

±+

No change

3.0

Strong Buyer's

13.1

==

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Price

Market Action Index

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Price Trends

7-Day Rolling Average

90-Day Rolling Average

Buyer/Seller Cutoff

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Quartiles

7-Day Rolling Average

Characteristics per Quartile Quartile

Median Price

Sq. Ft.

Top/First

$ 1,199,000

Upper/Second

90-Day Rolling Average

Investigate the market in quartiles where each quartile is 25% of homes ordered by price.

Lot Size

Beds

Baths

Age Inventory New Absorbed DOM

4282

0.25 - 0.50 acre

4.0

3.5

18

107

6

2

237

Most expensive 25% of properties

$ 699,900

3422

0.25 - 0.50 acre

4.0

3.0

18

107

4

1

204

Upper-middle 25% of properties

Lower/Third

$ 460,950

2705

0.25 - 0.50 acre

4.0

2.5

32

108

4

7

157

Lower-middle 25% of properties

Bottom/Fourth

$ 307,000

1790

8,001 10,000 sqft

3.0

2.0

42

108

8

10

133

Least expensive 25% of properties

First American Title Market Update

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LAKE OSWEGO