March 2024 Real Estate Trends
As we leave behind the month of February, Central Oregon’s real estate market continues to show great promise. With the arrival of March, we anticipate new trends and developments in the region. It remains essential for industry professionals and prospective buyers to stay informed about market trends and insights in order to navigate the real estate landscape successfully.
Our trend reports provide invaluable resources for those interested in real estate activity in Bend and Redmond during March. Central Oregon, renowned for its stunning natural scenery and abundance of outdoor activities, boasts a thriving real estate sector. Utilizing the latest data and reports, we carefully analyze the primary factors influencing the real estate market in this picturesque region.
Despite some economic challenges, the Central Oregon real estate market has demonstrated exceptional resilience and growth across Bend, Redmond, Sisters, and Prineville. Homeowners, investors, and buyers are advised to stay up to date with current trends and forecasts to make informed decisions in this flourishing market. Join us as we explore the trends and developments that March brings to this thriving region.
Bend Market Report >>
Located in the heart of Central Oregon, Bend is rapidly establishing itself as a vibrant city and an exceptional place to call home. With its promising business opportunities, more and more individuals are being drawn to Bend, resulting in a thriving real estate market. The construction, purchase, and sale of homes in Bend continue at an impressive pace.
While experiencing some typical seasonal fluctuations, Bend has seen a notable increase in both the number of homes sold and their corresponding sale prices. Despite occasional variations in mortgage rates, the region consistently achieves record-high housing prices, with the average sale price in Bend reaching an impressive 98% of the asking price. This clearly demonstrates the enduring demand for properties in the area.
Inventory / Active
273
last month -> 227
Avg Days on Market
68
last month -> 62
Average Sale Price to List Price
98%
last month -> 99%
# of Homes Sold
114
last month -> 111
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Redmond Market Report >>
Redmond, located in the heart of Central Oregon, is quickly establishing itself as a vibrant center and an exceptional place to settle. With its promising business prospects, more and more people are being attracted to Redmond, resulting in a thriving real estate market. The construction, purchase, and sale of homes in Redmond are happening at an impressive speed.
Despite experiencing the typical fluctuations of the market, Redmond has seen a remarkable rise in both the quantity of homes sold and their corresponding sale prices. Despite occasional shifts in mortgage rates, the region consistently achieves record-breaking housing prices, with the average sale price in Redmond reaching an impressive 99% of the asking price. This underlines the enduring demand for properties in the area, making Redmond an appealing destination in the Central Oregon real estate market.
Inventory / Active
186
last month -> 1582
Avg Days on Market
66
last month -> 72
Average Sale Price to List Price
98.3%
last month -> 99.1%
# of Homes Sold
39
last month -> 52