Ryan Fisher

Cell: 541.598.6375

Office: 541.728.0033

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42 NW Greenwood Ave. Bend, OR 97703

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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