December 2017

Found 2 blog entries for December 2017.

Home Prices Continue to Rise in Redmond

Redmond Oregon Homes for SaleRedmond Oregon single family home sales continue to show strength as we move toward the end of 2017.  Although we see the normal seasonal reduction in inventory and slow down in new purchase agreements, the increase in Redmond home prices persists and the demand for housing remains robust.

When data from November 2016 is compared with November 2017, the results for Redmond OR single family homes sales are as follows:

  • Homes for sale up 9.8%
  • Homes sold down 15.7%
  • Homes pended down 1.4%
  • Average active price up 1.4%
  • Average sold price up 8.1%
  • Months of inventory based on closed sales up 32.5% to 2.4 months
  • Average price per square foot on sold homes up 11.3%*

New Home Sales Are Strong

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Bend Real Estate Sales Slow As Winter Approaches

Bend Oregon Real Estate Winter

As the days shorten and the weather gets colder as we approach the start of winter and the end of year holiday season, real estate sales in Bend typically slow. The November 2017 trends are no different than what we traditionally see this time of year.  When November 2017 trends for Bend single family home sales are compared with November 2016, the data show as follows:

  • Number of homes for sale is up 8.6%
  • Number of homes sold is down 3%
  • Number of homes pended is down .6%
  • The months of inventory based on closed sales is up 8.8% to 2.5 months

Given the continued demand for Bend single family homes, as expected prices continue to rise comparing November 2016 to November 2017:

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