It's been a hot minute since we have done a real estate market update for our beloved Oregon City. So friends, here it is! All the latest real estate news and future market predictions for the month of December!
Oregon City Market Update
The median list of prices for Oregon City, OR 97045 is $769,450 with the market action index hovering around 68. This is an increase over last month’s market action index of 67. Real estate inventory has decreased to 44.
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 condition. Below 30, conditions favor the Buyer. Currently our market lands at a 68, indicating that we are in a sellers market.
Real Time Market Profile
Portland Metro Market Overview
New listings (2,229) increased .4% from the 2,238 listings in November 2020, and increased 31.0% from the 3,232 homes listed in October 2021. Pending sales (2,660) decreased 4.0% from the 2,557 offers accepted in November 2020, and decreased 16.5% from the 3,187 offers accepted in October 2021. Closed sales (2,832) increased 3.2% from the 2,745 closings recorded last year in November 2020, and increased 9.5% from the 3,129 closings in October 2021. Inventory climbed to .8 months in November and total market time decreased to 27 days.
"Noelle was a gift to us in this process. We moved from out of state and we not at all familiar with the Portland area. Noelle was SO knowledgeable. She was so giving of her time, her knowledge, her advice. Not only that, we were purchasing in the middle of a pandemic and Noelle did virtual tours for us from afar. She ended up finding us a new construction home in a historic area that wasn't even on the market! I honestly don't know how we would have made it through this process without her. We have used 4 other real estate agents and Noelle so far exceeded our previous experience and expectations. She is a LOVELY person to be around--caring and honest but sharp in her negotiations with the other side! we are eternally grateful to her LOVE our new home." - Owen & Kristen Lewis (Buyers)
If you are ever looking for more resources and information about listing or purchasing a home, feel free to explore my real estate website. If you are looking for sales data for your specific Oregon City neighborhood be sure to contact me!