It depends upon the price point of the home as well as the area and condition of the home which has a lot to do with total market time. I personally call it supply and demand. If you would like a market report regarding your home feel free to contact me.
John Biniewski, CSP
John L. Scott
You ask a great question. While it's been many years since I lived in Portland I was up a few weeks ago and it is a beautiful area.
In any market there are actually two sub-markets. 20% of listings usually sell within 30 days. Those listings are prepared for market, marketed in a way that maximizes their value to buyers, and sell closest to asking price. 80% of the listings are over-priced, not prepared for market, and show less value to buyers. In my MLS listings at 30 days sell for 99.7% of asking price, versus at 120 days selling for 92.7% of asking price.
So if you are thinking of putting your home on the market, where would you like to be- the 20%!
I would be happy to arrange for you to interview a top Realtor Lake Oswego if that would be helpful. I recommend interviewing a few top agents, then compare their proposals, and you can select the one that best meets your needs.
Naturally this does depend on the price of the home. Homes that are above the median price, in a given area, can take longer to sale, ie; $300K homes sell faster typically than million dollar homes. The location and condition of the home also has a lot to do with total market time. The RMLS of Portland's Market Action Report ending Sept 2008 (most recent), shows that Lake Oswego and neighborhing West Linn have a total market time (this factors in houses that sell in a few days and houses that are on the market for months) of 188 days on average. I hope this was helpful.
Licensed Oregon Realtor
Keller William Realty - SW Portland
Click on the Web References Link to see the entire report and find out how you compare to the entire Metro area.
Let me know if I can help with anything else.
Real Estate Broker & Residential/Commercial Loan Specialist
Commonwealth Group & Sunset Mortgage Co.