Central Oregon Real Estate Trends
December 2024
As January ushers in the new year, Team Warner turns its attention to reflecting on the recent trends that defined the Central Oregon housing market in December 2024. In this analysis, we explore the ongoing shifts in the real estate landscape of Bend and Redmond, examining changes in inventory, pricing dynamics, and the evolving perspectives of both buyers and sellers. By delving deeper into these market trends, we aim to offer valuable insights for individuals looking to make informed decisions regarding buying, selling, or investing in properties within these thriving communities.
Bend, OR Housing Market
In December 2024, Bend, Oregon’s real estate landscape undergoes a notable shift, marking a key transition point. After a bustling summer marked by rapid growth and intense competition, the market now moves towards a more balanced state. The diversity of homes on the market expands, providing potential buyers with a broader selection and a calmer atmosphere for finding their perfect residence in this scenic part of Oregon. Despite Bend’s enduring outdoor charm and lively community, the market is fostering a more sustainable pace, fostering a healthier equilibrium between housing supply and demand. 🌲
Transitioning into November 2024, those engaging with the Bend housing market discover a dynamic yet milder environment compared to the fervor of the summer months. While sellers may not witness the swift property appreciation of earlier in the year, they can anticipate lively interest from buyers seeking to make Bend their home. Amidst the autumnal backdrop, both buyers and sellers can lean on the expertise of experienced real estate professionals. These professionals offer valuable insights and guidance to navigate the changing dynamics of the Bend real estate market in this pivotal year of 2024.
Bend by the Numbers
Inventory / Active
385
last month -> 469
AVG Days on Market
60
last month -> 75
AVG Sale Price to List Price
99%
last month -> 98%
Number of Homes Sold
106
last month -> 123
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Redmond, OR Housing Market
As we step into the new month, December, the real estate scene in Redmond, Oregon remains steadfast and continues to exhibit resilience and stable growth, offering a well-rounded platform for buyers and sellers to participate in property transactions. Redmond’s reputation for affordable housing choices and its proximity to outdoor recreational opportunities make it an attractive spot for those seeking a harmonious blend of affordability and quality of life. The Redmond market displays indications of stability, with a modest increase in housing inventory broadening options for buyers while maintaining a competitive atmosphere that fuels optimism among sellers regarding their property worth.
In December 2024, potential buyers in Redmond are met with a housing market marked by a balanced equilibrium between supply and demand, enabling a deliberate and thorough approach to home purchasing. With a variety of housing choices on the table, buyers can explore different neighborhoods and architectural styles to find the perfect fit for their preferences and lifestyle. Likewise, sellers in Redmond can look forward to substantial interest from motivated buyers keen on establishing themselves in this inclusive Central Oregon community. Teaming up with a seasoned real estate agent well-acquainted with the intricacies of the Redmond market can arm both buyers and sellers with the essential knowledge to navigate the real estate arena and accomplish their goals in 2024.
Redmond by the Numbers
Inventory / Active
173
last month -> 196
AVG Days on Market
64
last month -> 52
AVG Sale Price to List Price
99.6%
last month -> 99.3%
Number of Homes Sold
66
last month -> 56
2025 is Here ~ Looking Towards Spring!
As the winter season gives way to the promise of spring in Bend and Redmond, the real estate markets in these vibrant Central Oregon communities set the stage for continued activity and new possibilities. While the shift in market dynamics may be subtle as temperatures rise, the enduring appeal of Bend and Redmond remains steadfast. In Bend, the attraction of an active outdoor lifestyle and a thriving cultural scene persists, drawing in buyers seeking warm and convenient homes in the changing season. Meanwhile, Redmond’s reputation for affordable housing options and its proximity to natural wonders positions it as an appealing choice for buyers in search of a blend of quality living and affordability, making it a market worth exploring as winter transitions into spring.
The transition from winter to spring presents unique opportunities for both buyers and sellers in Bend and Redmond as the year progresses. Sellers can take advantage of the season to showcase their properties in a cozy and inviting light, appealing to potential buyers looking for comfort during the transitioning weather. On the other hand, buyers can navigate a potentially less competitive market to carefully consider their options and find a home that suits their needs as the seasons change. Partnering with experienced real estate professionals who understand the nuances of these markets will be essential for both buyers and sellers to make well-informed decisions and navigate the evolving landscape as winter gives way to spring.
Embracing the shift from winter to spring, the real estate markets in Bend and Redmond present unique opportunities for those in the market to buy or sell property. By adapting to seasonal preferences and market trends, buyers and sellers can position themselves for success in these dynamic Central Oregon real estate markets. Whether seeking the ideal springtime retreat or preparing to highlight a property’s seasonal appeal, the transition from winter to spring offers a promising outlook for the real estate landscapes of Bend and Redmond.
