2022 Market Reports

July 17, 2024

Central Oregon Market Report | July 17, 2024

Central Oregon Market Report for July 17, 2024

The pace of new listings slowed last week, which is typical for the second half of the summer selling season. As a result, inventory growth slowed from the pace leading up to today. Wall Street and most of the lending industry expect a rate pivot from the Fed at the ...

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Dec. 28, 2022

Central Oregon Market Report | December 28, 2022

Central Oregon Market Report for December 28, 2022

Hopefully, everyone had a relaxing Christmas weekend! I wish you and your family a happy and prosperous New Year!

 

Some real estate activity in the last week is noteworthy between eggnog, family dinners, and football games. First, the inventory of single-family homes for sale in Deschutes County dropped to ...

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Dec. 21, 2022

Central Oregon Market Report | December 21, 2022

Central Oregon Market Report for December 21, 2022.

The national average for fixed-rate 30-year mortgages yesterday was 6.38%, up slightly from earlier in the week but down from a peak of 7.24% in mid-October. As always, check with your local lender, as many in Bend have lower rates than the national average. In addition, actively listed ...

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Dec. 14, 2022

Central Oregon Market Report | December 14, 2022

With eleven business days left in 2022, we see signs of what the housing market may look like in 2023. The November consumer price index increased by 7.1%, which applied downward pressure on mortgage interest rates, now at 6.28% for the 30-year fixed-rate national average. I'm old ...

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Dec. 7, 2022

Central Oregon Market Report | December 7, 2022

Central Oregon Market Report for December 7, 2022

After a brief respite from previous highs, mortgage rates have again breached the 6% threshold. According to Mortgage News Daily, the national average of a 30-year fixed-rate mortgage is 6.37%. However, at a local lender's website, rates today show 6% and 6.168% APR, proof that shopping around ...

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Nov. 30, 2022

Central Oregon Market Report | November 30, 2023

Central Oregon Market Report for November 30, 2023

Active listings of single-family homes in Deschutes County dropped to 782, the first time homes for sale have been below 800 since June. In addition, pending sales were down dramatically from last week at twenty-nine, with sold homes also down significantly at thirty-four. With Title offices closed on Thanksgiving, I ...

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Nov. 23, 2022

Central Oregon Market Report | November 23, 2022

Central Oregon Market Report for November 23, 2022

Happy Thanksgiving! We have officially arrived at the holiday season, with Christmas and a new year just around the corner. I hope you and your family have a great day celebrating old traditions or creating new ones! Our weather has become considerably milder recently, bringing plenty of options for anyone ...

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Nov. 16, 2022

Central Oregon Market Report | November 16, 2022

Central Oregon Market Report for November 16, 2022

This morning's big news in real estate is that mortgage interest rates declined to 6.61% for the national average of 30-year fixed-rate loans. While that might not seem all that low, it is much better than the 7.22% rate just several days ago. For buyers that are ...

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Nov. 9, 2022

Central Oregon Market Report | November 9, 2022

Central Oregon Market Report for November 9, 2022

Inventory of active single-family homes for sale in Deschutes County dropped by one in the previous week to 821, down one from the week before. Week to week, we are witnessing a gradual slowdown in sales and prices, although the changes are drastic compared to last year. For example, in ...

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Nov. 2, 2022

Central Oregon Market Report | November 2, 2022

Central Oregon Market Report for November 2, 2022

Yesterday, Central Oregon received another dose of winter weather, indicating a great start to building an early snowpack. With daytime temperatures mostly above 30 degrees, the roads in Bend and Highway 97 weren't bad, with slush or wet pavement making up most of the day. Although, most of last ...

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