James Keane

Cell: 541.207.2270
Office: 541.728.0033
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42 NW Greenwood Ave.
Bend, OR 97703

LEVISON GROUP: Tony Levison
Dustin Hamlet, Jamie Garza, and James Keane

Specialties: residential real estate, property management, land acquisition, and commercial real estate

This Month's Analysis

What’s happening in our market?

With the annual spring homebuying season coming quickly, home sales ramped up in Bend in March and spiked 13% from February, with a .6% increase from March 2023. Of those sales, buyers paid more. The median sales price of $784,500 in Bend rose 14.5% from February – and 14.5% year over year. The $99,500 increase from March 2023 reflected that buyers on average were willing to pay 98.4% of the listing price.


Well-priced listings that show well and are in prime locations seem to disappear as soon as they hit the market. If there is a change in interest rates or if sellers finally get tired of waiting and decide to sell, the pent-up demand could bring a more robust spring market for all.”

-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 $684,663 increased 3.2% month-over-month. 

The number of new listings increased 51.4% from February.

The 3 months’ supply of inventory in March increased 11.8% from February and was up 34% from one year ago.

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

Days on Market increased 2.9% from February and increased year-over-year by 13 days, from 61 to 74.

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

The Median Sales Price of $784,500 increased 14.5% month-over-month.

The number of new listings increased 44.1% from February.

The 2.6 months’ supply of inventory in March increased 12.8% from February and was up 25.6% from one year ago.

The average Close-to-List Price Ratio in March was 98.4%, meaning that homes sold for 1.6% less than the asking price.

Days on Market decreased 12.4% from February and increased year-over-year by 15 days, from 53 to 68.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

The Median Sales Price of $769,500 increased just slightly .6% month-over-month.

The number of new listings increased 20% from February.

The 2.9 months’ supply of inventory in March was unchanged from February and was up 38.7% from one year ago.

The average Close-to-List Price Ratio in March was 97.4%, meaning that homes sold for 2.6% less than the asking price.

Days on Market increased 38% from February and increased year-over-year by 4 days, from 79 to 83.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

The Median Sales Price of $525,000 increased 4.1% month-over-month.

The number of new listings increased 102.7%% from February.

The 4 months’ supply of inventory in March increased 12.5% from February and was up 72.2% from one year ago.

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

Days on Market increased 40% from February and increased year-over-year by 19 days, from 72 to 91.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

The Median Sales Price of $399,000 decreased 2.8% month-over-month.

The number of new listings increased 36.7% from February.

The 3.9 months’ supply of inventory in March increased 3.4% from February and was up 5.1% from one year ago.

The average Close-to-List Price Ratio in March was 98.4%, meaning that homes sold for 1.6% less than the asking price.

Days on Market decreased 4.6% from February and increased year-over-year by 29 days, from 96 to 125.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

The Median Sales Price of $420,728 increased 6% month-over-month.

The number of new listings increased 60.6% from February.

The 3.8 months’ supply of inventory in March increased 9% from February and was up 12% from one year ago.

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

Days on Market decreased 27.6% from February and decreased year-over-year by 5 days, from 94 to 89.

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

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