The real estate market in West Linn Oregon continued on a downward trend with 23 closed sales during December vs 24 & 27 sales recorded during November and October respectively. There were 18 closed sales of homes valued $500K or more over the period of October – December. The inventory level is lowest in the $250-500K price bracket at 9.2 months and overall it is at 12.4 months worth across all price brackets.
Average sold prices in December ($347K) decreased by $18K, compared to $365K in November. Similarly, median sold prices in December decreased to $280K, down from $310K in November. The average price of the active listings ($643K) is considerably higher than the sold prices in December by $296K while the median price for the active listings ($430K) is up $50K from the comparable median sold prices in December. The considerable difference between active prices and sold prices stems from a relatively large active inventory of higher-end properties for sale and limited sales of properties in the high end of the market.
Click here to see the details in my blog post on our website. I welcome your questions or comments!