Sales in Bend dipped a bit in September, while Redmond saw more of a drop, and Sunriver showed strong sales, doubling the number of homes sold from the previous month. Median Prices moved up a bit in Bend and Sunriver, while Redmond decreased. Days on Market were significantly higher in Bend and Sunriver, with Redmond shedding a few days. Months Inventory climbed slightly higher in Bend and Redmond, with Sunriver bucking that trend in favor of a lower level of inventory.
Uncertainty on where the real estate market and overall economy will land in the coming months continues to stymie activity. We are still seeing a lot of price reductions, longer days on market, and we’re hearing repeated comments of, “I’m going to wait 2-3 months to see what happens.”
If you have questions about how you should proceed during this time, reach out to us. We’re happy to share our thoughts and experience to help you make informed decisions.
– 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. Thanks!
* Data summarized from – The Beacon Report