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89 articles found with the search of "market trends"

Bend Premier Real Estate Blog

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August
1

Prineville Home Sales Mixed

The Prineville Oregon real estate market appears to be showing good sales the first half of 2024. While home prices are up year over year, it is at what is considered a normal healthy market increase. New listings are up, but so are sold and pending homes. Days on market are down and inventory levels are reflecting a strong buyer's market. It appears that people are moving to Prineville and there is demand for active listings in the market.

When the first half of 2024 is compared with the first half of 2023, the following changes for Prineville real e...

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July
15

Central Oregon Market Trends 2nd Quarter 2024

The Central Oregon real estate 2024 market trends for most of the major urban areas continue to reflect a seller's market in 2nd quarter, although that has changed in La Pine where inventory levels at 7.4 months reflect a buyer's market; Powell Butte and Madras are in a balanced market at 6 months. Although still in a seller's market, inventory is at a level in Bend that hasn't been seen since July, 2015 when the average home price was $391,000 and mortgage interest rates were at 4%.* With more inventory, days on market have also ticked up, but well priced homes can still sell quickly and multiple offers can happen. BendRedmond and Sunriver are showing strong upward trends in all categories (the only exception for Bend is the number of homes sold) with home prices, listings, inventory levels and days on market all rising. As we move into 3rd quarter, we expect mortgage interest rates may drop, which could enable more home buyers to afford a Central Oregon home.




*Data from Central Oregon MLS, July, 2024.
July
15

If you're thinking about selling your house, here's something you really need to know. Even though it's still a seller's market today, you can't pick just any price for your listing.

While home prices are still appreciating in most areas, they're climbing at a slower pace because higher mortgage rates are putting a squeeze on 

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July
11

What's in the July 2024 Bend Premier Newsletter?

  • Bend Home Prices Up As Are Inventory Levels
  • Filipino BBQ Pork Skewers
  • 9 Tips to Keep Your Home Cool Without AC
  • Maxwell Butte Trail
  • Things to Avoid After Applying For a Mortgage
June
24

As we move into the second half of 2024, here's what experts say you should expect for home prices, mortgage rates, and home sales.

Home Prices Are Expected To Climb Moderately

Home prices are forecasted to rise at a more normal pace. The graph below shows the latest forecasts from seven of the most trusted sour...

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