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Central Oregon Real Estate Market Trends - Third Quarter 2024

October 11th, 2024 by Bend Premier Real Estate

Is Central Oregon Real Estate Moving to a Balanced Market?

In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would be less and the delayed move they planned on taking could finally happen.

Categories: Central Oregon Real Estate Market Trends

Tags: bend oregon real estate, bend real estate, bend homes for sale, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Redmond Oregon Real Estate, Central Oregon Real Estate, Central Oregon Real Estate Trends, Black Butte Ranch, Bend, Redmond, Sunriver, Sisters, Prineville, Powell Butte, Terrebonne, Culver, La Pine, Madras, Mortgage

Related Markets: Bend, Black Butte Ranch, Culver, La Pine, Madras, Powell Butte, Prineville, Redmond, Sisters, Sunriver, Terrebonne

October
9

Bend Premier Real Estate | October 2024 Newsletter

October 9th, 2024 by Bend Premier Real Estate

What's in the October 2024 Bend Premier Real Estate Newsletter?

Bend Home Sales Are Up
Easy Cheeseburger Soup
Fall Activities in Central Oregon
Canyon Meadow Hike
The Top Three Reasons Affordability is Improving

Categories: Newsletters

Tags: bend oregon real estate, bend real estate, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, newsletters, Bend Foodies, Central Oregon Hikes, Places to See in Central Oregon, Why We Love Central Oregon, Hiking Central Oregon, Food, Bend

Related Markets: Bend

October
7

Bend Oregon Real Estate | September 2024 Trends

October 7th, 2024 by Bend Premier Real Estate

Bend Home Sales Up With More Inventory and Lower Mortgage Rates

It appears that the tide has turned and Bend home buyers are now experiencing lower prices, more choices with more inventory, and better interests rates. This has enabled more buyers to enter the market and more sellers to have confidence listing their home, knowing that their replacement property will cost less than it did just six months ago. This has generated more early fall business than we normally see and a more balanced Bend real estate market.

When September 2024 is compared with September 2023, the following changes to Bend home sales can be noted:

Average sales price down 11.3% to $837,153*
Median sales price down 4...

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Categories: Bend Oregon Real Estate Trends

Tags: bend oregon real estate, bend real estate, bend homes for sale, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Bend Luxury Homes, Bend New Homes, Awbrey Butte, Awbrey Glen, Awbrey Village, Broken Top, Mt Bachelor Village, Rivers Edge Village, Shevlin Ridge, Skyliner Summit, The Bridges, Tetherow, Bend, Tuscany Pines, Westgate, Wood River Village, Shevlin Park area, Mortgage

October
3

Secrets To Selling Your Bend Home Quickly

October 3rd, 2024 by Bend Premier Real Estate

Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.

According to data from the National Association of Realtors (NAR), the average time a house spends on the market has increased over the past few years (see graph below):

A recent post from

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Categories: Bend Real Estate General Information