Duke Warner Trend Report July 2019
Our Central Oregon summertime is starting to wind down and back to school checklists are on the minds of parents and teachers alike. After a busy summer in real estate, numbers show us the market is still busy and thriving in Bend and Redmond. The population growth in Central Oregon continues to support the ongoing trends we are seeing in the market. Active listings remained steady during the month of July. Both Bend and Redmond markets continue to have a great variety of options for potential home buyers. Our market trend report offers valuable insight into last month’s activity, which is a great resource for upcoming trends we hope to see during the remainder of the month and into September.
August 1st Inventory and July Activity
With 533 active listings as of August 1st, the Bend market has a multitude of great homes for those looking to purchase a home. Both Bend and Redmond’s current listings have one-of-a-kind homes that won’t last long in this market. Redmond’s active listings as of August 1st showed 181 homes overall. The numbers have been consistent and encouraging all summer long, showing the combined active listings for Central Oregon at 714.
July was a busy month for the Redmond market, showing 100 homes sold, 122 new homes on the market and 138 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 70. The $225,000 – $325,000 had 55 active listings and the $525,000 & up price range showed 41 active listings.
For Bend, the numbers in July illustrate the steady market. There were 16 active listings in the $225,000-$325,000 range, 116 in the $325,100-$425,000 range, 115 in the $425,100-$525,000 range and 72 in the $525,100-$625,000 price range. As you can see from our Market Trend Report, there were quite a few homes available in the higher price ranges as well, showing 108 active homes in the $925,100 & up price range.
With the thriving market, buyers look for competitive pricing as they compare properties. If you are selling your home and considering pricing for your property, we encourage you to consult with your trusted Duke Warner Broker for expert advice. Our brokers will share their knowledge and let you know how to price according to the market trends and current housing competition. At Duke Warner Realty, we can help you plan, sort out the details and get you started on your home buying or selling journey.
Sold and Pending Listings
Bend had 247 pending homes in June, and 280 in July. These numbers remain consistent and tell us both buyers and sellers are on the move. For sold listings, there were 236 in June and 243 in July. In Redmond, we saw 106 sold listings in June, and 100 in July. As expected, we continue to see great numbers in the Central Oregon real estate market!
Looking Ahead
As many of us know and appreciate, Central Oregon is a special place to live. Both Bend and Redmond markets are active and full of options for buyers in all price ranges. As you consider your options and look ahead, whether you want to buy or sell a home, keep us in mind for your real estate ventures. Our professional brokers can offer great insights as you navigate your next home experience. Give us a call today and let us help you get started! We can be reached at 541.382.8262 or send us an email at info@dukewarner.com.