Real Estate Market Trends: April 2022
April came and went and so did just about every season in between. We saw the cold with some late season much-needed snow and midday warmth, with days that felt like spring had finally sprung. Unlike the weather the Central Oregon, the real estate market was much more consistent. While we saw some minor declines in certain areas, like average listing price, the average sale price remained steady to counter the small decline and homes kept selling at an impressive pace. As the 2022 real estate season enters full swing, we saw a good growth in the number of active listings compared to the prior month in Bend, but a decrease for the Redmond area.
Bend Market Overview >>
Bend’s market continued to remain strong with a solid increase in new listings and homes selling at an impressive pace. Compared to the previous month(s) we’re seeing a slow decrease in listing price, however, the selling price for each property is offsetting some of those declines. The average home isn’t lasting long on the market, now selling within two weeks of being listed.
Inventory / Active
187
last month -> 127
Avg Days on Market
13
last month -> 20
Average Sale Price to List Price
104%
last month -> 103%
List Price Change
-3.80%
last month -> -2.71%
Don’t forget to download the complete report above with more in depth real estate statistics for the Bend’s residential, land and acreage market.
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Redmond Market Overview >>
Most likely due to the inventory issue Redmond, and everywhere, is seeing, the Redmond area saw a smaller decrease in list price change and a noticeable average sale price increase compared to the prior month. The area’s land and acreage market stayed quite consistent with availability, price and duration on market. Be sure to download the complete report above.
Inventory / Active
36
last month -> 55
Avg Days on Market
21
last month -> 19
Average Sale Price to List Price
102.3%
last month -> 99.7%
List Price Change
-1.14%
last month -> -1.45%
It’s an era of fast-paced buying and selling for Redmond and the Central Oregon market overall. Buyers often look for competitive pricing as they are house hunting. If you are considering selling your home and determining the price, we encourage you to consult with our trusted Duke Warner Broker for local, expert advice. Sharing their experiences, knowledge and excitement, our brokers know how to price properties according to the market trends and current housing competition as seen above.
Moving into May
With the home buying and home selling season entering the full summer swing, there is no time like now or place like here to do both. Since 1967, we’ve witnessed countless people fall in love with what Central Oregon has to offer. From the lakes to the rivers, mountain resorts, great food, and endless trails, our community holds a little something for every stage of life and every adventure. Allow our team of expert Brokers to guide you on what ever real estate path you choose. Give us a call (541) 382-8262 or send an email at info@dukewarner.com to get the processed to started!
