Posts with tag 'Central Oregon Real Estate Trends'
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Bend Oregon Real Estate | 2024 Trends and 2025 Predictions
More Bend Home Inventory and Moderate Price Increases Were the Norm for 2024 Sales
2024 Bend home sales experienced modest price increases for the year, but Bend home buyers were fortunate to have more options. Sellers who had hesitated putting their property on the market during Covid and following when mortgage interest rates were close to 8% finally had more inclination to do so when mortgage rates dropped to the mid 6% range during the summer of 2024. Delayed moves which were offset by high mortgage rates for a subsequent purchase finally made sense when rates dropped. Although there was an increase in home prices and sales for Bend single family homes, it was modest. With more in...
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Bend Premier Real Estate | November 2024 Newsletter
What's in the November 2024 Bend Premier Newsletter?
- Bend Home Prices Up in October
- Green Bean Casserole
- November Home Fixes Not to Forget
- Hiking Tam McArthur Rim to No Name Lake in the Fall is an Experience
- Why Buying Now is Worth It
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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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Inventory Levels Up with Bend Luxury Home Sales
Bend Luxury Home Buyers Have More Options
The figures are out and the first six months of 2024 reflects an increase in Bend homes for sale over $1,000,000. The amount of Bend luxury home inventory is significantly up compared with 2023 and 2022 which leads to more options for the Bend home buyers who can afford a high end home. The days on market are rising and home sellers who really need to sell are recognizing that with more competition, asking price needs to reflect today's market...
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