Sales in Sunriver were up a bit, while Bend and Redmond fell, which is not unusual as we move through the fall and into winter. Median Price jumped in Sunriver, Redmond was also higher, and Bend decreased slightly.
Redmond Days on Market popped in October, while Bend and Sunriver remained flat. Months Inventory was steady compared to last month for all three markets with Bend at two months and Redmond and Sunriver at three months. With the low inventory, it’s still very much a seller’s market, but there are pockets of softness in certain price points.
As we move through the end of the year, we expect overall inventory to shrink, as homes come off-market for the winter. That said, many of those homes are still for sale (just not actively listed), so reach out to us if you would like to know what’s available in that category. For buyers, winter is still a very good time to purchase as there is less competition and winter sellers are often more motivated.
If you have questions about the market, reach out to us and we’ll share our thoughts and expertise to help you make the right decisions on buying or selling.
– Ken and Molly
PS. We really appreciate your referrals! If you have friends, family, or people-you just-met-in-line-at-the-grocery-store interested in Central Oregon real estate, please pass along our contact info. Thank you!
October 2023 – STATISTICS
*Data summarized by the Beacon Report.