Debbie Martorano

Cell: 541.480.2089

Office: 541.728.0033

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42 NW Greenwood Ave.
Bend, OR 97703

Specialties: Residential, Customer service

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

“December's market presents distinct advantages for both buyers and sellers. While prices have largely stabilized — with most areas seeing only modest changes month-over-month — the reduced flow of new listings (down 38% in Bend) suggests sustained value for sellers. Current inventory levels remain healthy enough to give buyers options, while sellers benefit from homes consistently achieving close to asking price, typically within 1-2%. Though the market pace has adjusted with longer Days on Market in most areas, Sisters' significant decrease in marketing time demonstrates how well-positioned properties continue to attract strong interest. Whether buying or selling, today's market rewards those who enter well-prepared and properly positioned.”

-Ryan Buccola, Broker/Owner RE/MAX Key Properties

REAL ESTATE MARKET UPDATES FOR CENTRAL OREGON

Deschutes County

Notable metrics include:

The Median Sales Price of $599,925 decreased 3% month-over-month. 

The number of new listings decreased 29% from November.

The 3.78 months’ supply of inventory in December decreased 15% from November and was up 17% from one year ago.

The average Close-to-List Price Ratio in December was 98.3%, meaning that homes sold for 1.7% less than the asking price. 

Days on Market increased 6.9% from November and increased year-over-year by 11 days, from 70 to 81.

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

The Median Sales Price of $699,000 decreased .85% month-over-month.

The number of new listings decreased 38% from November.

The 3.6 months’ supply of inventory in December decreased 18% from November and was up 27% from one year ago.

The average Close-to-List Price Ratio in December was 98.3%, meaning that homes sold for 1.7% less than the asking price.

Days on Market increased 7% from November and increased year-over-year by 19 days, from 65 to 84.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

The Median Sales Price of $715,025 increased .59% month-over-month.

The number of new listings decreased 28% from November.

The 3.12 months’ supply of inventory in December decreased 22% from November and was up 16.42% from one year ago.

The average Close-to-List Price Ratio in December was 98.2%, meaning that homes sold for 1.8% less than the asking price.

Days on Market decreased 35% from November and decreased year-over-year by 18 days, from 72 to 54.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

The Median Sales Price of $492,500 decreased .25% month-over-month.

The number of new listings decreased 18% from November.

The 3.36 months’ supply of inventory in December decreased 13% from November and was down 7.95% from one year ago.

The average Close-to-List Price Ratio in December was 98.9%, meaning that homes sold for 1.1% less than the asking price.

Days on Market increased 32% from November and increased year-over-year by 19 days, from 63 to 82.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

The Median Sales Price of $369,900 decreased 22% month-over-month.

The number of new listings stayed the same from November.

The 5.75 months’ supply of inventory in December decreased 18% from November and was up 21% from one year ago.

The average Close-to-List Price Ratio in December was 98.5%, meaning that homes sold for 1.5% less than the asking price.

Days on Market increased 6.4% from November and increased year-over-year by 24 days, from 90 to 114.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

The Median Sales Price of $361,450 decreased 6% month-over-month.

The number of new listings decreased 31% from November.

The 5.03 months’ supply of inventory in December decreased 1% from November and was up 27% from one year ago.

The average Close-to-List Price Ratio in November was 98.1%, meaning that homes sold for 1.9% less than the asking price.

Days on Market increased 20% from November and increased year-over-year by 16 days, from 80 to 96.

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

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