Jenelle Brewer

Cell: 541.350.4187

Office: 541.728.0033

Get In Touch

Visit My Profile

42 NW Greenwood Ave. Bend, OR 97703

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

“Spring is bringing energy to our Central Oregon market! March saw prices rise in most areas – Sisters jumped 13.3%, while Bend and La Pine both climbed over 7%. More homes are hitting the market, especially in La Pine where new listings more than doubled. This means more choices for buyers than we've seen in quite some time. The market is finding better balance with increased inventory levels. Buyers can typically negotiate 1-2% off asking prices. For sellers, smart pricing remains key. For buyers, you now have breathing room to make thoughtful decisions. Each community has its own unique trends – what's happening in Bend might look quite different from La Pine or Sisters. That's why local expertise matters more than ever.”

-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 $665,123 increased 4.7% month-over-month.

The number of new listings increased 29.8% from February.

The 3.9 months' supply of inventory in March increased 11.1% from February and was up 24.2% 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 increased slightly from February and increased year-over-year by 8 days, from 73 to 81.

Deschutes County MARKET CONDITIONS

To filter, click on the legend below each graph.

Bend, OR

Notable metrics include:

The Median Sales Price of $777,738 increased 7% month-over-month but decreased 1.4% year-over-year.

The number of new listings increased 16% from February.

The 3.91 months' supply of inventory in March increased 11% from February and was up 49% 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 13% from February but increased year-over-year by 13 days, from 66 to 79.

Bend, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Sisters, OR

Notable metrics include:

The Median Sales Price of $794,000 increased 13.3% month-over-month but decreased 10.0% year-over-year.

The number of new listings decreased 33.3% from February.

The 4.19 months' supply of inventory in March increased 10.3% from February and was up 23.0% 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 by 12.3 days from February and increased year-over-year by 19.0 days.

Sisters, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Redmond, OR

Notable metrics include:

The Median Sales Price of $516,771 increased 3.9% month-over-month but decreased 1.57% year-over-year.

The number of new listings increased 42.4% from February.

The 3.05 months' supply of inventory in March increased 8.2% from February but was down 25.25% from one year ago.

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

Days on Market decreased by 7 days from February and decreased year-over-year by 7 days, from 90 to 83.

Redmond, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

La Pine, OR

Notable metrics include:

The Median Sales Price of $392,500 increased 7.5% month-over-month but decreased 16% year-over-year.

The number of new listings increased 130.8% from February.

The 5.1 months' supply of inventory in March increased 9.4% from February and was up 21% from one year ago.

The average Close-to-List Price Ratio in March was 98%, meaning that homes sold for 2% less than the asking price.

Days on Market increased by 43 days from February but decreased year-over-year by 11 days, from 125 to 114.

La Pine, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Prineville, OR

Notable metrics include:

The Median Sales Price of $387,500 decreased 7% month-over-month and decreased 3% year-over-year.

The number of new listings increased 8% from February.

The 4.88 months' supply of inventory in March remained virtually unchanged from February but was up 31% 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 9% from February and increased from 89 to 99 days year-over-year.

Prineville, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Source: Information obtained from the MLS of Central Oregon

Additional Resources