Posts in category 'Central Oregon Real Estate'
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Central Oregon Real Estate | 2nd Quarter 2025 Trends
Click Here to see the Q2 Market Trends for Bend Real Estate and Redmond Real Estate, as well as the Q2 real estate trends in Sunriver, La Pine, Sisters, Prineville, Madras, Powell Butte, and Black Butte Ranch. In Q2 2025, the Bend Oregon Real Estate market and surrounding communities experienced a change, typically seeing a significant increase in inventory year over year with more homes, more new listings, and consistently more days on market. Buyers had more choices with the increased number of homes for sale and sellers were more inclined to consider offers under asking price. The number of listings grew, days on market increased in many markets, and prices decreased slightly in the larger markets of Bend and Redmond. However, despite the increased number of homes for sale, Bend, Redmond, Sisters, Prineville and Madras reflected a seller's market, although much less strong than in earlier quarters; Black Butte Ranch, La Pine and Sunriver were in a balanced market with Powell Butte in a very strong buyer's market with 32 months of supply.
A Bend Premier real estate broker understands the local market trends, which is crucial to properly representing buyers and sellers. We can provide insights into which areas are popular, price trends, and the average time properties stay on the market. We can also provide you with access to listings that match your criteria, some of which may not be widely advertised. We also have the first word on properties about to hit the market, giving you an edge in a competitive market.
To learn more about buying or selling Bend real estate, contact one of our Premier Agents at (541) 323-2779 any day of the week.
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Central Oregon Real Estate Market Trends - Third Quarter 2024
Is Central Oregon Real Estate Moving to a Balanced Market?
In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would be less and the delayed move they planned on taking could finally happen.
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Prineville Oregon Real Estate | 1st Half 2024 Market Trends
Prineville Home Sales Mixed
The Prineville Oregon real estate market appears to be showing good sales the first half of 2024. While home prices are up year over year, it is at what is considered a normal healthy market increase. New listings are up, but so are sold and pending homes. Days on market are down and inventory levels are reflecting a strong buyer's market. It appears that people are moving to Prineville and there is demand for active listings in the market.When the first half of 2024 is compared with the first half of 2023, the following changes for Prineville real e...
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Central Oregon Real Estate Market Trends - 2nd Quarter 2024
Central Oregon Market Trends 2nd Quarter 2024
The Central Oregon real estate 2024 market trends for most of the major urban areas continue to reflect a seller's market in 2nd quarter, although that has changed in La Pine where inventory levels at 7.4 months reflect a buyer's market; Powell Butte and Madras are in a balanced market at 6 months. Although still in a seller's market, inventory is at a level in Bend that hasn't been seen since July, 2015 when the average home price was $391,000 and mortgage interest rates were at 4%.* With more inventory, days on market have also ticked up, but well priced homes can still sell quickly and multiple offers can happen. Bend, Redmond and Sunriver are showing strong upward trends in all categories (the only exception for Bend is the number of homes sold) with home prices, listings, inventory levels and days on market all rising. As we move into 3rd quarter, we expect mortgage interest rates may drop, which could enable more home buyers to afford a Central Oregon home.3
Central Oregon Real Estate Market Trends 1st Quarter 2024
Central Oregon Market Trends 1st Quarter 2024
The Central Oregon real estate market trends for the major urban areas continue to reflect a seller's market, although residential inventory levels have risen in most locations. The desperate lack of inventory experienced during Covid has changed, and while home prices overall continue to rise, in some smaller markets price reductions can be noted. With more inventory, days on market have also generally gone up, but well priced homes are still selling quickly and multiple offers can happen. Bend, Redmond and Sunriver are showing strong upward trends in all categories with home prices, listings, inventory levels and days on market all rising. Whether or not this trend continues in 2nd quarter with mortgage interest rates well about 7% remains to be seen.
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