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Duke Warner Trend Report for November 2019

Monthly Market Report Recap

Central Oregon is off and running with winter, and the end of the year is in sight. The real estate market is strong and steady, regardless of the ice, snow and chill we’ve come to expect during these cold months. With the holidays upon us, and snow on the ground, the real estate trends remain strong and encouraging. In our monthly Trend Reports, we offer valuable insights by reviewing last month’s market activity in a brief report. This information can be a wonderful resource for any upcoming trends we might see as we finish out December and head into the first month of next year.

December 1st Inventory and November Activity

With 363 active listings as of December 1st, the Bend market has a healthy selection of homes for those looking to buy. Both Bend and Redmond’s current listings boast numerous one-of-a-kind homes that won’t stick around for long. Redmond’s active listings, as of December 1st, showed 146 homes overall. The numbers have stayed consistent all year and the November numbers were no different. As we gear up for a long winter, we are seeing the combined active listings for Central Oregon at 509 homes.

November numbers for the Redmond market show us 87 homes sold, 62 new homes on the market and 72 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 61. The $225,000 – $325,000 had 50 active listings, the $425,000 – $525,000 range had 28 actives, and the $525,000 & up price range showed 40 active listings.

For Bend, the numbers in November continued to illustrate a thriving market. There were 13 active listings in the $225,000-$325,000 range, 100 in the $325,100-$425,000 range, 90 in the $425,100 -$525,000 range and 50 in the $525,100 – $625,000 price range. The $625,000 – $725,000 had 41 active listings, the $725,000 – $825,000 had 28 actives and the $825,000 – $925,000 showed 29 active homes listed. As you can see from our Market Trend Report, there were quite a few homes available in the higher price ranges as well, showing 82 homes in the $925,100 & up price range. For Central Oregon overall, there is a wide variety of homes to choose from, for potential buyers.

With a sturdy market, buyers often look for competitive pricing as they consider properties. If you are selling your home and trying to price your property, we encourage you to consult with your trusted Duke Warner Broker for seasoned, expert advice. Our brokers will share their experience, knowledge and excitement while they work for you. Our Duke brokers know how to price properties according to the market trends and current housing competition.

Sold and Pending Listings

Bend had 231 pending homes in October, and 190 in November. These numbers remain consistent and tell us both buyers and sellers are active and hungry. For sold listings, there were 208 in October and 167 in November. In Redmond, we saw 85 sold in October and 87 in November. As history has proven, we continue to see great numbers in the Bend and Redmond real estate market!

Looking Ahead          

Many of us know and value this special place we call home. Central Oregon is a beautiful place to live and no matter what stage of life you are in, there is something for everyone in the real estate market. As you consider your housing needs, start to plan and look ahead, whether you want to buy or sell a home, keep us in mind for your real estate ventures. Our professional brokers are here to 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.