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Duke Warner Realty

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

As we welcome the spring and summer months in Central Oregon, the real estate market is ready to bloom. With its breathtaking landscapes, endless outdoor activities, and vibrant communities, the region continues to attract homebuyers and investors looking to embrace the beauty of the season. With the transition from the cooler months to the new year, the real estate market in Central Oregon undergoes a shift. It picks up momentum as we move into the spring and summer seasons, with increased activity and a surge in demand for homes. This presents an exciting opportunity for buyers and sellers, as the market becomes more dynamic, offering a wider range of options and a chance for advantageous negotiations. Spring and summer bring a sense of energy to the Central Oregon real estate market. With the arrival of warmer weather, potential buyers are eager to explore the area and discover their perfect home. The increased activity also means that sellers have the opportunity to showcase their properties in the best light, attracting motivated buyers. For buyers who are ready to embark on their real estate journey, spring and summer offer a perfect time to enter the Central Oregon market. With the region in full bloom and the market brimming with possibilities, it’s a great time to find your dream home and enjoy all that Central Oregon has to offer during the sunny seasons.

Spring Has Sprung: Here's What that Means for Central Oregon Real Estate

As Spring arrives in Central Oregon, the real estate market is bustling with activity and promise in 2024. With the transition away from winter, both buyers and sellers can anticipate a vibrant market in the upcoming months. The trends observed in the beginning of the new year, such as an increase in available inventory and stability in the mortgage industry, have set the stage for favorable conditions. To make the most of the abundant opportunities in the market, it is crucial to stay informed about new listings and closely monitor any market shifts. Central Oregon’s Spring real estate market offers an exciting array of possibilities for those seeking their dream property in this captivating region. With the promise of the Spring season ahead, now is the ideal time to seize the ripe opportunities available in the Central Oregon real estate market. Get ready to embrace the energy and excitement that Spring brings to the region’s real estate scene!
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