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Duke Warner Trend Report June 2019

Summertime is in full swing and the real estate market is as active as ever. With the beautiful weather and a variety of summertime fun to be had, Central Oregon is a great place to invest in real estate and settle down. Active listings continue to remain steady and both Bend and Redmond have quite a few options if you are looking to buy a home. Our trend report offers insight into last month’s activity, which is a great resource for upcoming trends we might see during the rest of July and into August.

July 1st Inventory and June Activity

With 560 active listings as of July 1st, the Bend market offers a variety of great homes for those of you looking to buy a home. Both Bend and Redmond’s current listings have some gems that won’t last long in this market. Redmond’s active listings as of July 1st showed 194 homes overall. The numbers have been consistent and encouraging all year, and this summer is continuing the trend, with the combined active listings for Central Oregon at 754.

June was a busy month for the Redmond market, showing 106 homes sold, 96 new homes on the market and 96 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 75. The $225,000 – $325,000 had 55 active listings and the $525,000 & up price range showed 45 active listings.

For Bend, the numbers in June illustrate the busy market and show us that real estate activity is going strong. There were 11 active listings in the $225,000-$325,000 range, 99 in the $325,100-$425,000 range, 100 in the $425,100-$525,000 range and 51 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 102 active homes in the $925,100 & up price range.

With the thriving market, buyers look for competitive pricing as they compare properties. If you are selling your home and considering pricing for your property, we encourage you to consult with your Duke Warner Broker for educated advice. Our brokers will share their expertise and let you know how to price according to the market trends and current housing competition. At Duke Warner Realty, we 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 277 pending homes in May, and 247 in June. These numbers remain consistent and tell us buyers and sellers are on the move. For sold listings, there were 232 in May and 236 in June. In Redmond, we saw 105 sold listings in May, and 106 in June. As expected, we continue to see great numbers in the Central Oregon real estate market!

Looking Ahead          

As many of us know and appreciate, Central Oregon is a special place to live. Both Bend and Redmond markets are active and full of options for buyers in all price ranges. As you consider your options and look ahead, whether you want to buy or sell a home, keep us in mind for your real estate ventures. 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.