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Posts from October 11th, 2024

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October 11th, 2024 by

Is Central Oregon Real Estate Moving to a Balanced Market?

In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would be less and the delayed move they planned on taking could finally happen.

Categories: Central Oregon Real Estate Market Trends
Tags: bend oregon real estate, bend real estate, bend homes for sale, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Redmond Oregon Real Estate, Central Oregon Real Estate, Central Oregon Real Estate Trends, Black Butte Ranch, Bend, Redmond, Sunriver, Sisters, Prineville, Powell Butte, Terrebonne, Culver, La Pine, Madras, Mortgage
Related Markets: Bend , Black Butte Ranch , Culver , La Pine , Madras , Powell Butte , Prineville , Redmond , Sisters , Sunriver , Terrebonne
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