The month of November brought slower sales and a dip in overall inventory, which is common as we work through the winter months.
Median prices jumped in Sunriver, was a leg higher in Bend, while Redmond was generally flat. Days on Market inched-up in Bend, stayed the same in Redmond, and sold a day faster in Sunriver.
I expect the current trend of low inventory and high prices will continue in the near term. That said, at some point the current feeding frenzy will come to an end, likely due to increased interest rates. Regardless of the market we find ourselves in, I am 100% sure that if you want to live in Bend, you should make the move. Prices will rise and fall over the years, but you can’t put a value on quality of life.
Reach out to me if you’d like to know more about our awesome Central Oregon community and the strategies we use to help buyers and sellers realize their dreams.
Wishing You a Safe and Happy Holiday Season!
Click HERE for detailed Real Estate Watch statistics. ** You’ll notice in the detailed report that I’ve altered the graph and data structure. I did this to better visually represent the shifts in the market from month-to-month.
Data summarized from – The Beacon Report