Duke Warner January 2019 Trend Report

Trends

Now that we are seeing some true winter weather, we might expect to see a significant dip in the market trends, but that’s just not the case. Follow our monthly trend report to stay up to date with the local market trends and fluctuations. In December, we saw a continuation of a steady market in both Redmond and Bend and that carried over into the start of the new year. January’s numbers were encouraging in Bend and Redmond alike. We closed out 2018 with an active market in Bend and Redmond for sellers & buyers and continued that streak through January. The Central Oregon market looks promising as we slowly ease out of winter and look forward to the Spring months ahead.

Inventory

The number of active listings in Bend dropped slightly from 398 in December to 356 in January. Redmond had 182 active listings in December and then a few less with 176 active listings in January. The numbers in January for Bend show us that there are plenty of homes to choose from. There were 18 active listings in the $225,000-$325,000 range, 78 in the $325,100-$425,000 range, 86 in the $425,100-$525,000 range and 37 in the $525,100-$625,000 price range.

With the steady market, buyers look for competitive pricing as they compare properties. If you are a seller and you are considering pricing for your property, we encourage you to consult with your Duke Warner Broker for great advice, they will share their expertise and let you know how to price according to the market trends and current housing competition. If you’d like, ask your Duke Warner broker to review a market trend report so you can feel confident in their knowledge of local buying and selling trends.

Sold and Pending Listings

Redmond’s market had fewer price reductions in January than we saw in December and almost double the amount of pending homes at of the end of January, showing 72 pending. Redmond’s new, active listings stayed about the same, showing 59 in December and 58 in January.

Bend had 137 pending homes in December, and it increased a bit to 159 pending in January. For sold listings, we’ve seen a slight drop during the winter months with December showing 160 sold homes in Bend and 125 sold in January. We saw 63 sold listings in December, for Redmond’s market and 46 in January. We are seeing a slight fluctuation in the market which is normal for this time of year. Winter weather came a little bit later this year and as we look towards the coming months, we can expect the markets to reflect the changing seasons ahead.

Looking Ahead          

Central Oregon markets have remained steady and full of options for buyers in all price ranges. As you consider your options and look ahead for new investments, changing homes or just following the market trends, keep us in mind for all your real estate needs in 2019. For a deeper understanding of the local market trends, consider reading back through our past trend report archive, there is a lot of great information provided. Give any one of our skilled brokers a call and let us help you with your next housing adventure. You can see our current listings on our website at https://dukewarner.com/.