Posts from December 2017
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12
Redmond Oregon Real Estate | November 2017 Trends
Home Prices Continue to Rise in Redmond
Redmond 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%
- Averag...
8
Bend Oregon Real Estate | November 2017 Trends
Bend Real Estate Sales Slow As Winter Approaches
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:
- The average sold price per square foot is up 5.6% to $228