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Duke Warner March 2019 Trend Report

Trend Report

Welcome Spring! We are officially out of the winter months and deep in Spring weather, the market trends are gearing up for what we think is going to be a busy summer. Despite the rainy weather, people are shopping and selling homes. First of all, the numbers look great for this time of year. Our trend report shows the steady market in both Redmond and Bend. It continues to encourage and motivate our brokers & clients alike. Check out the details below and let us know if you have any questions or comments. Or if you want to schedule a time to meet with one of our highly qualified brokers. Make this Spring memorable by finding your dream home or selling your current residence. We have incredible homes for potential buyers and talented agents ready to sell your current home.

April 1st Inventory and March Activity

With 357 active listings as of April 1st, the Bend market is thriving with options and opportunity. Redmond’s active listings as of April 1st showed 170 homes overall, which is great for this time of year. The numbers are encouraging and with the active market throughout the winter months, we believe Spring is going to be no different.

March was a more active month for Redmond than it was in February. Showing 65 homes sold, 78 new homes on the market and 88 homes pending. Also, the bulk of active homes on the market in Redmond were in the $225,000 – $325,000 and $325,100 -$425,000 price range. The $225,000 – $325,000 had 55 active listings and the $325,100 – $425,000 showed 62 active listings.

Similarly, in Bend, the numbers in March show us that there are plenty of homes to choose from right now. In March, there were 19 active listings in the $225,000-$325,000 range, 83 in the $325,100-$425,000 range, 69 in the $425,100-$525,000 range and 46 in the $525,100-$625,000 price range. As you can see from our Market Trend Report, there were quite a few homes available in the higher price ranges as well, showing 64 active homes in the $925,100 & up price range.

With the steady market, buyers look for competitive pricing as they compare properties. If you are a seller and you are considering pricing for your property, we encourage you to consult with your Duke Warner Broker for great advice. They will share their expertise and let you know how to price according to the market trends and current housing competition. Our realtors can help you plan, sort out the details and get you started on your home buying or selling journey.

Sold and Pending Listings

Bend had 158 pending in February and March finished with 206 pending homes! A big jump that indicates action in our local market this Spring. For sold listings, there were 108 sold in February and 149 in March. In Redmond, we saw 48 in February and 65 in March. We continue to see great numbers in the market!

Looking Ahead          

Central Oregon is a wonderful place to live. Both Bend and Redmond markets are active and full of options for buyers in all price ranges. Consider your options and look ahead. Certainly keep us in mind for your real estate ventures. Whether you are buying or selling, we can help! Our professional brokers can offer great insights as you navigate your next home experience. Give us a call today and let us help you get started! We can be reached at 541.382.8262 or send us an email at info@dukewarner.com.