Central Oregon Real Estate Trends
October 2024
October came and went offering some warmth and our first taste of Fall in the hight desert. Team Warner has compiled the latest data, let’s dive into the most recent real estate updates in the bustling neighborhoods of Bend and Redmond, Oregon. The housing markets in these vibrant communities have been evolving, responding to changes in inventory, pricing, and the shifting preferences of buyers and sellers. By analyzing the data and trends from September, we can glean valuable insights into the current market scenario, empowering informed decisions for those interested in purchasing, selling, or investing in real estate within these regions.
Bend, OR Housing Market
🍁 As we transition into November 2024, the real estate landscape in Bend is reflecting signs of stabilization following a period of rapid expansion and intense competition observed over the summer months. With a more balanced influx of available homes on the market, prospective buyers are discovering increased choices and a slightly less competitive environment while seeking their ideal residence in this picturesque Oregon locale. Although the appeal of Bend’s outdoor lifestyle and thriving community continues to captivate buyers, the market is now moving towards a more sustainable pace, presenting a healthier balance between housing supply and demand.
In October 2024, individuals exploring the housing market in Bend are encountering an active yet more moderate scenario compared to the fervor witnessed during the summer season. While sellers may not experience the same swift property appreciation witnessed earlier this year, they can anticipate strong interest from eager buyers seeking to establish roots in Bend. With the autumn season upon us, both buyers and sellers can benefit from the expertise of seasoned real estate professionals who can offer valuable insights and guidance to navigate the ever-evolving dynamics of the Bend real estate market in 2024.
Bend by the Numbers
Inventory / Active
501
last month -> 511
AVG Days on Market
66
last month -> 54
AVG Sale Price to List Price
98%
last month -> 99%
Number of Homes Sold
146
last month -> 149
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Redmond, OR Housing Market
Welcoming the arrival of fall, the real estate market in Redmond, Oregon continues to demonstrate resilience and steady growth, presenting a balanced environment for both buyers and sellers to engage in transactions. Renowned for its affordable housing options and close access to outdoor recreational activities, Redmond remains an appealing destination for individuals in search of a harmonious blend of affordability and quality of life. The market in Redmond is showcasing signs of stability, with a moderate uptick in housing inventory expanding choices for buyers while sustaining a competitive atmosphere that instills optimism among sellers regarding their property values.
In October 2024, prospective buyers in Redmond are encountering a housing market characterized by a harmonized equilibrium between supply and demand, facilitating a more intentional and thorough process when considering a home purchase. The array of housing options available enables buyers to explore diverse neighborhoods and architectural styles to discover the ideal match for their lifestyle and preferences. Similarly, sellers in Redmond can anticipate strong interest from determined buyers eager to establish roots in this welcoming community in Central Oregon. Collaborating with an experienced real estate agent well-versed in the nuances of the Redmond market can equip both buyers and sellers with the necessary insights to navigate the real estate landscape and achieve their objectives in 2024.
Redmond by the Numbers
Inventory / Active
223
last month -> 254
AVG Days on Market
58
last month -> 52
AVG Sale Price to List Price
98.2%
last month -> 98.8%
Number of Homes Sold
67
last month -> 68
What will winter have in store?
As we gracefully glide into the fall and winter seasons, the real estate markets in Bend and Redmond are primed for ongoing activity and prospects. Although there may be a subtle shift in the market pace as the temperatures drop, the intrinsic charm of these Central Oregon communities remains steadfast. In Bend, the attraction of a dynamic outdoor lifestyle and a vibrant cultural environment will continue to captivate buyers, who are now drawn towards homes offering warmth and convenience during the chillier months. Conversely, Redmond’s reputation for affordable housing and its proximity to natural wonders positions it as a desirable choice for buyers seeking a blend of quality living and cost efficiency, making it a market of interest as the seasons transition.
The winter months in both Bend and Redmond present distinct opportunities for buyers and sellers as we progress through the latter part of the year. For sellers, this time offers a chance to showcase their properties in a cozy and inviting ambiance, appealing to potential buyers seeking solace and comfort during the colder weather. On the other hand, buyers can take advantage of a potentially less competitive market to carefully explore their options and discover a home that caters to their requirements for the upcoming seasons. Collaborating with seasoned real estate professionals well-versed in these markets will be crucial for both buyers and sellers to make well-informed decisions and navigate the shifting landscape as we near the year’s end.
In the approaching winter season, the real estate markets in Bend and Redmond are positioned to present distinctive opportunities for those in pursuit of buying or selling property. By adapting to seasonal preferences and market dynamics, buyers and sellers can position themselves for success in these lively Central Oregon real estate arenas. Whether it involves discovering the ideal winter sanctuary or preparing to highlight a property’s seasonal allure, the fall and winter months unveil a promising horizon for the real estate markets of Bend and Redmond.
