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Duke Warner Trend Report May 2019

Central Oregon Trends

The busy market in both Redmond and Bend continues to give buyers a variety of options for purchasing a home. The active listings continue to remain steady as we settle into the beautiful Summer we are having here in Central Oregon. Our trend report offers some insight into last month’s activity, which is a great resource for upcoming trends we might see during the rest of June and into July.

June 1st Inventory and May Activity

With 491 active listings as of June 1st, the Bend market is buzzing with options and opportunity. Our brokers are excited with the market activity and ready to represent you. Whether you are buying or selling a home. Both Bend and Redmond’s current listings offer a variety of homes to choose from if you are looking to buy a home. Redmond’s active listings as of June 1st showed 209 homes overall, which is great for this time of year. The numbers have remained steady for many months and so far, this Summer is proving just the same, with the collective active listings at 700 for Bend and Redmond combined.

May was a busy month for the Redmond market, showing 105 homes sold, 151 new homes on the market and 126 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 65. The $225,000 – $325,000 had 53 active listings and the $525,000 & up price range showed 32 active listings.

For Bend, the numbers in May showed us that there are plenty of homes to choose from this season. There were 12 active listings in the $225,000-$325,000 range, 93 in the $325,100-$425,000 range, 76 in the $425,100-$525,000 range and 44 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 73 active homes in the $925,100 & up price range.

Buyers and Sellers

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 275 pending homes in April, and 277 pending homes in May. The continued climb reaffirms what we’ve been seeing for several months now, people are getting into action and buying homes! For sold listings, there were 177 in April, and 232 in May. In Redmond, we saw 82 in April, and 105 in May. As predicted, 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. 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. Follow our monthly trend reports to stay current with local real estate numbers. 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.