It’s time to celebrate summer as the selling season arrives! With the school year ending in early June, the natural swing of the Central Oregon real estate market is continued to hold pace. Bend and Redmond are leading the way, outpacing other areas in Oregon and the country. In July, listings continued to rise and homes continued to sell. Both buyers and sellers taking are advantage of this time. Housing prices have remained strong, although they have slightly stabilized and/ or reduced due to the fluctuating economy and mortgage rates. While the rates seem high now, they’re actually at historically average levels. Don’t let this discourage you sellers, as buyers are flocking in droves to Bend and Redmond this summer. Get ready for a successful selling season ahead!

July, was another solid a month for real estate in Central Oregon. It solidified that message and seller again that buyer activity and seller activity is here to stay. Bend and Redmond saw increases across almost all major statistics we track at Duke Warner. If you’re in the market, it’s still important to keep an eye on these trends so that you know what’s happening and how it might affect your plans to buy or sell now and in the future. July brought another increase in active inventory, something we’ve lacked in the last several years. Follow this link to view the latest listings for Bend and Redmond, Oregon. With the fed seeming to stabilize, the fluctuations of the mortgage industry we’ve seen should also stabilize. The residential statistics for Bend & Redmond did see a small increase in average list price to sale price and the same movement for number of days on market. Central Oregon continues to drive the fairly steady home market. Entering the final summer month of 2023 home buying and selling, we are seeing increases and additional opportunities for both buyers and sellers.a