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Duke Warner Realty

Central Oregon Real Estate Trends

November 2024
As November arrives, Team Warner takes a closer look at the evolving real estate trends in the bustling neighborhoods of Bend and Redmond, Oregon. With the latest data in hand, we dive into the housing markets of these vibrant communities, analyzing changes in inventory, pricing, and buyer/seller preferences. By examining September’s data and trends, we aim to provide valuable insights for individuals interested in buying, selling, or investing in real estate within these regions.

Bend, OR Housing Market

December 2024 marks a turning point for the real estate landscape in Bend. Following a summer of rapid growth and fierce competition, the market is now settling into a more balanced state. The array of available homes has diversified, offering potential buyers a wider selection and a less intense atmosphere as they navigate their search for the perfect residence in this scenic part of Oregon. Despite the enduring appeal of Bend’s outdoor charm and vibrant community, the market is transitioning towards a more sustainable pace, establishing a healthier equilibrium between the supply and demand of housing options. 🌲 In November 2024, individuals immersing themselves in the Bend housing market find a dynamic but toned-down setting than the fervent vibe of the summer months. While sellers may not witness the rapid property appreciation seen earlier this year, they can expect enthusiastic interest from buyers looking to settle in Bend. As autumn envelops the region, both buyers and sellers can leverage the knowledge of experienced real estate experts. These professionals provide invaluable insights and assistance to maneuver through the constantly evolving dynamics of the Bend real estate market in 2024.

Bend by the Numbers

Inventory / Active

469
last month -> 501

AVG Days on Market

75
last month -> 66

AVG Sale Price to List Price

98%
last month -> 98%

Number of Homes Sold

123
last month -> 146

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Redmond, OR Housing Market

As we step into the new month, November, 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 November 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

196
last month -> 223

AVG Days on Market

52
last month -> 58

AVG Sale Price to List Price

99.3%
last month -> 98.2%

Number of Homes Sold

56
last month -> 67

Winter is Here, but the Market Remains Warm

As we gracefully transition into the winter season in December, the real estate markets in Bend and Redmond are poised for continued activity and opportunities. While the market pace may experience a subtle shift with the dropping temperatures, the enduring allure of these Central Oregon communities remains unwavering. In Bend, the appeal of an active outdoor lifestyle and a lively cultural scene will persist in attracting buyers who seek cozy and convenient homes during the colder months. On the other hand, Redmond’s reputation for affordable housing and proximity to natural attractions positions it as an attractive option for buyers looking for a balance of quality living and cost-effectiveness, making it a market of interest as winter approaches.

The winter months in both Bend and Redmond offer unique opportunities for buyers and sellers as we progress through the latter part of the year. For sellers, this period provides a chance to showcase their properties in a warm and inviting atmosphere, appealing to potential buyers seeking comfort during the chilly weather. Conversely, buyers can leverage a potentially less competitive market to carefully evaluate their choices and find a home that meets their needs for the upcoming seasons. Collaborating with experienced real estate professionals familiar with these markets will be crucial for both buyers and sellers to make informed decisions and navigate the evolving landscape as the year draws to a close.

As we embrace the winter season ahead, the real estate markets in Bend and Redmond stand to offer distinctive opportunities for those looking to buy or sell property. By adapting to seasonal preferences and market dynamics, buyers and sellers can position themselves for success in these vibrant Central Oregon real estate arenas. Whether it involves finding the perfect winter retreat or preparing to highlight a property’s seasonal charm, the fall and winter months unveil a promising outlook for the real estate markets of Bend and Redmond.

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