Central Oregon Real Estate Trends
September 2024
Bend, OR Housing Market
Throughout September 2024, the Bend housing market is showing signs of stabilization after a period of rapid growth and intense competition during the summer months. With a more balanced supply of homes entering the market, buyers are finding increased options and slightly less pressure when looking for their dream home in this scenic Oregon town. The allure of Bend’s outdoor lifestyle and vibrant community continues to draw interest from buyers, but the market is shifting towards a more sustainable pace, offering a better equilibrium between supply and demand.
In September 2024, potential buyers in Bend are finding a market that is still active but with a more tempered approach compared to the summer frenzy. While sellers may not see the same rapid appreciation that characterized earlier in the year, they can still expect their properties to attract strong interest from motivated buyers looking to settle down in Bend. As the fall season approaches, buyers and sellers alike can benefit from working with experienced real estate professionals who can provide valuable insights and guidance to navigate the evolving dynamics of the Bend housing market in 2024.
Bend by the Numbers
Inventory / Active
511
last month -> 552
AVG Days on Market
54
last month -> 42
AVG Sale Price to List Price
99%
last month -> 99%
Number of Homes Sold
149
last month -> 156
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Redmond, OR Housing Market
As we enter September 2024, the housing market in Redmond, Oregon is displaying resilience and steady growth, offering both buyers and sellers a balanced playing field. Known for its affordable housing options and close proximity to outdoor recreational opportunities, Redmond continues to attract homebuyers seeking a mix of affordability and quality of life. The market in Redmond is showing signs of stability, with a moderate increase in inventory providing buyers with more choices while maintaining a competitive edge that keeps sellers optimistic about the value of their properties.
In September 2024, buyers in Redmond are encountering a housing market that strikes a harmonious balance between supply and demand, allowing for a more thoughtful and deliberate approach to purchasing a home. With a diverse range of housing options available, buyers can explore different neighborhoods and styles to find the perfect fit for their needs and preferences. Likewise, sellers in Redmond can expect their properties to garner interest from motivated buyers looking to make a home in this welcoming Central Oregon community. Partnering with a knowledgeable real estate agent familiar with the nuances of the Redmond market can provide buyers and sellers with the guidance needed to make informed decisions and achieve their real estate goals in 2024.
Redmond by the Numbers
Inventory / Active
254
last month -> 248
AVG Days on Market
52
last month -> 61
AVG Sale Price to List Price
98.8%
last month -> 97.3%
Number of Homes Sold
68
last month -> 61
Cool Nights are Upon Us!
As we transition into the fall and winter seasons, the real estate markets in Bend and Redmond are poised for continued activity and opportunity. While the pace of the market may see a subtle shift as the weather cools, the fundamental appeal of these Central Oregon communities remains intact. In Bend, the allure of an active outdoor lifestyle and a thriving cultural scene will continue to attract buyers, with a focus on finding homes that offer comfort and convenience during the colder months. Meanwhile, Redmond’s reputation for affordable housing and its proximity to natural attractions positions it as an attractive option for buyers seeking a balance between quality of life and affordability, making it a market to watch as the seasons change.
Both Bend and Redmond present unique opportunities for buyers and sellers as we head into the latter part of the year. For sellers, the fall and winter months offer a chance to showcase their properties in a different light, leveraging the cozy and inviting aspects of homes to appeal to potential buyers seeking comfort and warmth. On the other hand, buyers can take advantage of a potentially less competitive market to carefully explore their options and find a home that suits their needs for the upcoming seasons. Working with experienced real estate professionals who understand the nuances of these markets will be essential for both buyers and sellers to make informed decisions and navigate the evolving landscape as we approach the end of the year.
In the coming months, the real estate markets in Bend and Redmond are poised to provide unique opportunities for those looking to buy or sell property. With a focus on adapting to seasonal preferences and market dynamics, buyers and sellers can position themselves for success in these vibrant central Oregon real estate landscapes. Whether it’s finding the perfect winter retreat or preparing to showcase a property’s seasonal charm, the fall and winter months present a promising outlook for both Bend and Redmond real estate markets.
