(Graph | Courtesy of Duke Warner Realty)
The steady market in both Redmond and Bend continues to give buyers a plethora of options for purchasing a home. The active listings continue to climb as we settle into the beautiful Spring we are having 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 in May, June and July.
May 1 Inventory and April Activity
With 398 active listings as of May 1, 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 May 1 showed 181 homes overall, which is great for this time of year. The numbers have remained steady for many months and this Spring is proving just the same, with the collective active listings at 579 for Bend and Redmond combined.
April was a busy month for the Redmond market, showing 82 homes sold, 122 new homes on the market and 110 homes pending. The bulk of active homes on the market in Redmond were in the $325,100 -$425,000 price range, showing 59. The $225,000 – $325,000 had 54 active listings and the $525,000 and up price range showed 30 active listings.
For Bend, the numbers in April showed us that there are plenty of homes to choose from this Spring. There were 12 active listings in the $225,000-$325,000 range, 73 in the $325,100-$425,000 range, 60 in the $425,100-$525,000 range and 53 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 68 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 206 pending homes in March, and 275 pending homes in April. 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 149 in March, and 177 in April. In Redmond, we saw 65 in March, and 82 in April. 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. 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.
