At Portland Public Schools, our goals are to provide safe, student-centered learning experiences by utilizing differentiated teaching and tools for the success of all students. We collaborate to support a primary focus on teaching and learning and the creation of dynamic, joyful learning environments. We strive to engage all students, their families and the community at large. We are fundamentally committed to social justice and to closing student achievement gaps.
State Goals
The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.
Our focus is on literacy and math fluency, with the aim of refining our instructional strategies and providing all students with the skills they need to be ready to succeed in college and careers. We strive to provide a welcoming environment and equitable opportunities for students of all races, genders, and home languages. We encourage you to contact us with any questions, concerns, or information that will help us ensure success for your students.
State Goals
The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.
Safe & Welcoming Environment
We work hard to make our school a place where all students and families feel welcome and included. We celebrate our community’s diversity and we honor this diversity in our learning activities. We understand how important it is to keep our students feeling safe, both physically and emotionally, when they are with us.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Stephenson Elementary School
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
Portland Public Schools has created policies to help our schools provide safe environments for every student. This includes teaching students and staff about bullying and harassment, and providing methods to report and respond to any of these incidents. We have a PPS threat assessment team to help address reports of safety concerns. We also support the district-wide implementation of Positive Behavioral Interventions and Supports (PBIS), and Restorative Justice practices through our Multi-tiered System of Supports (MTSS) department.
EXTRACURRICULAR ACTIVITIES
Our school offers a variety of extracurricular activities. Check our website for details about specific activities.
PARENT ENGAGEMENT
Our school offers several meetings each year where we invite families to attend. The meetings are to discover what your children are learning at school, to see examples of their good work, and to learn ways that you can help them succeed at school. We will inform you of these school events and celebrations through our newsletters and other media. Please check our website for details about these events.
COMMUNITY ENGAGEMENT
We appreciate our community neighbors and want them to feel welcome to join us in supporting the success of our students. Please contact us if you and your community organization are interested in providing support, and we will be happy to talk with you about options.
Our focus is on literacy and math fluency, with the aim of refining our instructional strategies and providing all students with the skills they need to be ready to succeed in college and careers. We strive to provide a welcoming environment and equitable opportunities for students of all races, genders, and home languages. We encourage you to contact us with any questions, concerns, or information that will help us ensure success for your students.
State Goals
The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.
Safe & Welcoming Environment
We work hard to make our school a place where all students and families feel welcome and included. We celebrate our community’s diversity and we honor this diversity in our learning activities. We understand how important it is to keep our students feeling safe, both physically and emotionally, when they are with us.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Jackson Middle School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
Teachers
Educational assistants
Counselors/ Psychologists/ Social Workers
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
Portland Public Schools has created policies to help our schools provide safe environments for every student. This includes teaching students and staff about bullying and harassment, and providing methods to report and respond to any of these incidents. We have a PPS threat assessment team to help address reports of safety concerns. We also support the district-wide implementation of Positive Behavioral Interventions and Supports (PBIS), and Restorative Justice practices through our Multi-tiered System of Supports (MTSS) department.
EXTRACURRICULAR ACTIVITIES
Our school offers a variety of extracurricular activities. Check our website for details about specific activities.
PARENT ENGAGEMENT
Our school offers several meetings each year where we invite families to attend. The meetings are to discover what your children are learning at school, to see examples of their good work, and to learn ways that you can help them succeed at school. We will inform you of these school events and celebrations through our newsletters and other media. Please check our website for details about these events.
COMMUNITY ENGAGEMENT
We appreciate our community neighbors and want them to feel welcome to join us in supporting the success of our students. Please contact us if you and your community organization are interested in providing support, and we will be happy to talk with you about options.
Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2019-20 finishing in 2023-24
COLLEGE GOING
Students enrolling in a two or four year college within 12 months of completing high school in 202223. Data from the National Student Clearinghouse.
from
School Goals
Our focus is on literacy and math fluency, with the aim of refining our instructional strategies and providing all students with the skills they need to be ready to succeed in college and careers. We strive to provide a welcoming environment and equitable opportunities for students of all races, genders, and home languages. We encourage you to contact us with any questions, concerns, or information that will help us ensure success for your students.
State Goals
The Oregon Department of Education is partnering with school districts and communities statewide to reach a 90% on-time graduation rate by 2027. Anchored in the pillars of Academic Excellence, Belonging & Wellness, and Accountability, ODE prioritizes evidence-based strategies that strengthen early literacy, improve attendance, and deepen student engagement. We are committed to eliminating opportunity and achievement gaps for historically underserved students. By investing in culturally responsive practices, cultivating inclusive school environments, and fostering a culture of continuous improvement, we can help ensure every student thrives.
Safe & Welcoming Environment
We work hard to make our school a place where all students and families feel welcome and included. We celebrate our community’s diversity and we honor this diversity in our learning activities. We understand how important it is to keep our students feeling safe, both physically and emotionally, when they are with us.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Ida B. Wells-Barnett High School
Outcomes
REGULAR ATTENDERS
TO
About Our School
ADVANCED COURSEWORK
Most high schools in Portland Public Schools offer Advanced Placement or International Baccalaureate courses in several subject areas. In addition, students have the option to earn college credit for some classes.
CAREER & TECHNICAL EDUCATION
District-wide we have 60 state-approved CTE programs of study. Career clusters include Architecture and Construction, Health Services, Information Technology, Manufacturing, and others. As part of these programs, we facilitate career learning experiences for students such as guest speakers, field trips, job shadows, etc. Visit our CTE web page for additional information: https://www.pps.net/Domain/190
EXTRACURRICULAR ACTIVITIES
Our school offers a variety of extracurricular activities. Check our website for details about specific activities.
PARENT & COMMUNITY ENGAGEMENT
Our school offers several meetings each year where we invite families to attend. The meetings are to discover what your children are learning at school, to see examples of their good work, and to learn ways that you can help them succeed at school. We will inform you of these school events and celebrations through our newsletters and other media. Please check our website for details about these events. We appreciate our community neighbors and want them to feel welcome to join us in supporting the success of our students.
36,619 $71,597 45.8 47.52% 52.48%
Lake Oswego
Portland Public
Riverdale
HOUSING
68.97% of homes owner occupied
31.03% of homes rented
POPULATION DENSITY
3,428.7 inhabitants per sq. mile
16,995 housing units at an average density of 1,591.3 per sq. mile
HISTORY
AGE DEMOGRAPHIC
22.1% under age 18
5.7% between ages 18 to 24
21.0% between ages 25 to 44
35.1% between ages 45 to 64
16.2% above age 65
CITY QUICK FACTS
11.35 square miles
8 miles south of Portland
249 feet elevation
Highest Average Temperature 80º
Lowest Average Temperature 46º
METRO AREA BASE MAP
L O C A L B U S I N E S S E S
Painter
LIME Painting of Lake Oswego 4800 Meadows Rd Suite 300, Office #349, Lake Oswego, OR 97035, USA (541) 787-2821 0.93 miles
CertaPro Painters of Willamette, OR 7100 SW Hampton St Ste 216, Tigard, OR 97223, USA (971) 202-8065 1 28 miles
Lakeshore Painting 2021 Cedar Ct, Lake Oswego, OR 97034, USA (503) 883-1383 1 31 miles
Portland Painter 3910 SW Multnomah Blvd, Portland, OR 97219, USA (503) 869-6908 1 39 miles
Beauty Salon
Blessed Studio Salon 4 Monroe Pkwy Suite E, Lake Oswego, OR 97035, USA (503) 752-1955 0.25 miles
Mai Beauty Salon 11132 SW Capitol Hwy, Portland, OR 97219, USA (503) 244-8333 0.65
Mascola's Salon 15154 Bangy Rd, Lake Oswego, OR 97035, USA (503) 620-0631 1 26 miles
Tres Chic 16552 Boones Ferry Rd #2, Lake Oswego, OR 97034, USA (503) 305-5194 1 31 miles
Timberline Electrical Contractor 9414 S Barbur Blvd, Portland, OR 97219, USA (503) 459-4089 0 94 miles
Dickinson's Electric Inc 8449 S Barbur Blvd, Portland, OR 97219, USA (503) 246-3550 1 26 miles
Northwest Electrical Solutions 7409 SW Tech Center Dr Suite B 125, Tigard, OR 97223, USA (503) 759-3952 1 48 miles
Precision NW Electrical Contractors 14200 SE McLoughlin Blvd, Portland, OR 97267, USA (503) 413-9870 2.42 miles
Urgent Care
OHSU Primary Care Clinic, Gabriel Park 4411 S Vermont St, Portland, OR 97219, USA
Alley
Viking Gameroom, Billiards & Bowling Alley 1825 SW Broadway #36, Portland, OR 97201, USA (503)
Campground
Campground 19093-19299 SE Barton Park Rd, Boring, OR 97009, USA (503)
Cedar Grove Campgrounds Molalla, OR 97038, USA (503)
L
Providence Fitness Center - Kruse Woods
L O C A L B U S I
Elizabeth M Gress Park 51 Tanglewood Dr, Lake Oswego, OR 97035, USA
Provence Boulangerie & Patisserie
L
L
L
LAKE OSWEGO UTILITIES
Emergency Police/Medical/Fire
911
Poison Control (800) 222-1222 www.aapcc.org
United States Postal Service (800) 275-8777 www.usps.com
Xfinity (800) 266-2278 www.xfinity.com
Ziply Fiber (866) 699-4759 www.ziplyfiber.com
Verizon (800) 483-4100 www.verizon.com
AT&T (800) 288-2020 www.att.com
CenturyLink (866) 963-6665 www.centurylink.com
Dish Network (800) 318-0572 www.dish.com
DIRECT TV (800) 531-5000 www.directtv.com
The Oregonian (503) 221-8240 www.oregonlive.com
TRI-MET (503) 238-7433 www.trimet.org
Northwest Natural Gas (800) 422-4012 www.nwnatural.com
Portland General Electric (503) 228-6322 www.portlandgeneral.com
City of Lake Oswego Sewer (503) 635-0265 www.ci.oswego.or.us
City of Lake Oswego Water (503) 635-0265 www.ci.oswego.or.us
Republic Services www.republicservices.com
Portland School District (503) 916-2000
www.pps.k12.or.us
CHANGE OF ADDRESS
USPS
Below is the website if you would like to change your address online or you can visit your local post office, they will provide you with the change of address packet. https://moversguide.usps.com
Benefits you will receive when you change your address online are:
Exclusive mover savings coupons
Safe and secure with identity verification by a simple $100 charge to your credit or debit card
Email confirmation at the end of registration of your change of address
* Must have valid email address and credit card to register online
AUTO REGISTRATION AND DRIVER LICENSING
Below is the website if you would like to change your address online or you can visit your local DMV office.
Oregon Department of Transportation DMV Services 1905 Lana Avenue NE Salem, OR 97314-0100
wwworegondmvcom/oregon/indexhtm
General DMV Information Contact: 503-299-9999
VOTERS REGISTRTION
TO REGISTER TO VOTE, YOU MUST BE:
A citizen of the USA
A resident of Oregon
A Legal Resident of Oregon State at least 18 years of age on or before the next election
HOW TO REGISTER
To register to vote online you will need an Oregon driver's license, permit or ID card number issued by the Oregon Driver and Motor Vehicle Services Division (DMV)
If you do not have an Oregon driver's license, permit or ID card, you can still use the online voter registration application. The information you enter will display on a voter registration card (PDF document) that you will need to print, sign and deliver to your county elections office to complete your registration.
REGISTRATION DEADLINE
A new registrant must submit their online registration by 11:59:59 p.m. Pacific Time on the 21st calendar day before an election to be eligible to vote in that election.
CHANGE OF ADDRESS
If you move to a new county, you must complete a new voter registration, otherwise you must request a transfer of your registration
Clackamas County Voter Registration: 503-655-8510
Multnomah County Voter Registration: 503-988-3720
Washington County Voter Registration: 503-846-5800
Metro South (503) 234-3000 wwworegonmetrogov 2001 Washington St Oregon City, OR
Clackamas County (503) 668-8885 wwwwmnorthwestcom 19600 SE Canyon Valley Rd. Sandy, OR
VOTER REGISTRATION
Clackamas (503) 655-8510
Multnomah (503) 248-3720
Washington (503) 846-5800
WATER BUREAU
Beaverton (503) 526-2257
Clackamas (503) 722-9220
Gladstone (503) 656-5223
Gresham (503) 618-2373
Hillsboro (503) 681-6228
Lake Oswego (503) 635-0265
Milwaukie (503) 786-7525
Oregon City (503) 657-8151
Portland (503) 823-7770
Tigard (503) 639-1554
Tualatin (503) 692-2000
West Linn (503) 656-4261
Wilsonville (503) 682-1011
CYBER SECURITY
g p , g being sent to an outside account and never credited to the intended party
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
Outgoing Wire from WFG to seller or borrower for proceeds
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.
Incoming Wires from the buyer and/or lender to WFG bank account
For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience
claims, or restrictions on the buyers property, other than the mortgage the buyer agrees to pay.
If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.
In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.
Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer
Owner’s title insurance is one of the most affordable insurance policies a person can ever buy Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.
So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.
In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.
WHAT IS ESCROW?
Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
TYPICAL ROLES IN THE CLOSING PROCESS
The Seller/Agent
Delivers a fully executed Purchase Sale Agreement to the escrow agent.
Executes the paperwork necessary to close the transaction
The Buyer/Agent
Deposits collected funds required to close (in with the escrow agent
Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement
Executes the paperwork and loan documents necessary to close the transaction
The Lender
Deposits loan documents to be executed by the buyer
Deposits the loan proceeds
Directs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
Clears Title
Obtains title insurance
Obtains payoffs and release documents for underlying loans on the property
Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf
Prorates insurance, taxes, rents, etc
Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction
Forwards deed to the county for recording
Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties
In Summary
Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer
The escrow agent is a neutral third party acting on behalf of the buyer and seller.
WHAT IS TITLE?
About Title Insurance
Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy Usually, during a purchase transaction, the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy)
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser of the purchase price.
How is title insurance different from other types of insurance?
While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property Said defects/claims are either eliminated prior to the issuance of a title policy
or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property
What’s involved in a title search? A title search is actually made up of three separate searches:
Chain of Title – History of the ownership of the subject property
Tax Search – The tax search reveals the status of the taxes and assessments
Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names
Once the three searches have been completed, the file is reviewed by an examiner who determines:
Whether or not the Chain of Title shows that the party selling the property has the right to do so The status of taxes for the subject property The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due
Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.
Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance
In Summary
After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination
WHO PAYS WHAT IN OREGON
SELLER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Title Premium - based on fixed statewide fee schedule
Real Estate Commission - based on agreement with Broker
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by principals
Release fees for loan payoff(s)
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with purchaser
Collection Escrow Setup Fee - optional, and is often shared with purchaser
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Any delinquent payments to bring contract or loan current
Prorate share of current month’s interest based on current rate
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval
FHA, VA Loans - check with lender for any applicable seller costs
BUYER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by the principals
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with seller
Collection Escrow Setup Fee - optional, and is sometimes shared with seller
Recording Fee - for contract or memorandum thereof
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Assumption or Assignment
Next monthly payment due, if required by lender
Recording Fee - for Assumption/Assignment of Agreement, if required by lender
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Lenders title insurance policy & endorsements, as required by lender
Loan Fee - as required by lender
Credit Report Fee - as required by lender
Appraisal Fee - as required by lender
Mortgage Insurance Premium - based on fee schedule and endorsements of lender
Prepaid Interest - if required by lender
VA Loans only - funding fee, if required by lender
FHA, VA, and some Conventional Loans - reserves for real property taxes, fire insurance and mortgage insurance
RIVERFRONT 2001 SE Columbia River Dr Ste. 100 Vancouver, WA 98661 360-314-0300
SALMON CREEK
2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818
VANCOUVER MALL
4400 NE 77th Ave Ste. 250 Vancouver, WA 98662 360-891-5454
EAST VANCOUVER
2004 SE 192nd Ave. Ste. 100 Vancouver, WA 98683 360-356-9990 1 2 3 5 6 7 8 9 4 10
700 NE Multnomah St. Ste. 190 Portland, OR 97232 503-230-8488
This week the median list price for Lake Oswego, OR 97035 is $315,000 with the market action index hovering around 32. This is an increase over last month's market action index of 30 Inventory has decreased to 43
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory
Real-Time Market Profile
Median List Price $315,000
Price of New Listings $399,000
Square Foot
Slight Seller's Advantage
Market Narrative
In the last few weeks, the Market Action Index has resumed a climb Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon If the increasing trend continues, expect that prices could shift higher quickly.
Market Segments
Slight Seller's Advantage
Each segment below represents approximately 25% of the market ordered by price
Median List Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
$700K
$600K
$500K
Segments
In the quartile market segments, we see prices in this zip code have generally settled at a plateau, although Quartile 1 has been trending a bit downward in recent weeks. We'll need to see a persistent shift in the Market Action Index before we see prices across the board move from these levels.
Price Per Square Foot
Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
Inventory
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.
Market Action Index
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.
Median Days on Market (DOM)
The properties have been on the market for an average of 110 days. Half of the listings have come newly on the market in the past 94 or so days. Watch the 90-day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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