Ann Gurley

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42 NW Greenwood Ave. Bend, OR 97703

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

"August numbers show Central Oregon’s real estate market continuing to level out. Inventory is holding or climbing in most areas — Bend sits at 5.7 months, Sisters at 6.1, and both La Pine and Prineville are near 8 months. Homes are also taking longer to sell, giving buyers a bit more breathing room and leverage. Prices remain strong in some markets. Bend’s median is up to $768,825, and while Sisters dipped from July’s peak, it’s still holding above $800,000. Overall, the landscape feels more balanced. Sellers who price strategically and prep well are still moving properties. We’re in a moment that rewards preparation, patience, and staying sharp.”

-Ryan Buccola, Broker/Owner REMAX Key Properties

REAL ESTATE MARKET UPDATES FOR CENTRAL OREGON

Deschutes County

Notable metrics include:

  • The Median Sales Price of $677,950 increased 2.9% month-over-month and 7.6% year-over-year.
  • The number of new listings decreased 11.9% from July with 467 new properties coming to market.
  • The 5.9 months' supply of inventory in August increased 1.7% from July and was up 6.5% from one year ago.
  • The average Close-to-List Price Ratio in August was 97.5%, meaning that homes sold for 2.5% less than the asking price.
  • Days on Market increased 3.8% from July to 76 days and rose by 16 days year-over-year (from 60 to 76).

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

  • The Median Sales Price of $768,825 increased 2.5% month-over-month and increased 6.2% year-over-year.
  • The number of new listings decreased 22.8% from July with 268 new properties coming to market.
  • The 5.7 months' supply of inventory in August decreased 4.9% from July and was up 5.4% from one year ago.
  • The average Close-to-List Price Ratio in August was 97.3%, meaning that homes sold for 2.7% less than the asking price.
  • Days on Market increased 30.4% from July to 76 days, and increased year-over-year by 18 days, from 58 to 76.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

  • The Median Sales Price of $807,539 decreased 10.8% month-over-month but increased 29.2% year-over-year.
  • The number of new listings decreased 43.2% from July with 21 new properties coming to market.
  • The 6.1 months’ supply of inventory in August decreased 7.9% from July and was down 1.0% from one year ago.
  • The average Close-to-List Price Ratio in August was 96.0%, meaning that homes sold for 4.0% less than the asking price.
  • Days on Market decreased 7.3% from July to 71.8 days but increased year-over-year by 28.8 days, from 43.0 to 71.8.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

  • The Median Sales Price of $545,000 increased 3.6% month-over-month but decreased 2.8% year-over-year.
  • The number of new listings increased 3.9% from July with 107 new properties coming to market.
  • The 4.4 months’ supply of inventory in August increased 1.1% from July but decreased 11.0% from one year ago.
  • The average Close-to-List Price Ratio in August was 97.8%, meaning that homes sold for 2.2% less than the asking price.
  • Days on Market decreased 9.6% from July to 72.6 days, but increased year-over-year by 15.6 days, from 57 to 72.6.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

  • The Median Sales Price of $417,500 increased 1.8% month-over-month and increased 11.7% year-over-year.
  • The number of new listings decreased 23.2% from July with 43 new properties coming to market.
  • The 8.5 months' supply of inventory in August decreased 6.3% from July and was up 22.3% from one year ago.
  • The average Close-to-List Price Ratio in August was 96.7%, meaning that homes sold for 3.3% less than the asking price.
  • Days on Market increased 2.0% from July to 81.6 days and increased year-over-year by 13.6 days, from 68 to 81.6.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

  • The Median Sales Price of $438,450 increased 2.5% month-over-month but decreased 3.8% year-over-year.
  • The number of new listings decreased 29.3% from July with 41 new properties coming to market.
  • The 7.5 months’ supply of inventory in August decreased 1.8% from July and was up 45.8% from one year ago.
  • The average Close-to-List Price Ratio in August was 98.0%, meaning that homes sold for 2.0% less than the asking price.
  • Days on Market increased 10.7% from July to 79.4 days, and increased year-over-year by 22.4 days, from 57 to 79.4.

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

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