As mortgage rates rise, the threshold that keeps buyers on the sidelines in Central Oregon also rises in our supply-constrained market. When rates first began climbing, 6% was the breaking point for many buyers, with the inventory of single-family homes in Deschutes County peaking at 972 on August 10, …

Inventory of single-family homes in Deschutes County increased eighteen to 667 this week, while Crook and Jefferson Counties were flat. Deschutes County homes for sale are up 12.7% from last year, nowhere near enough inventory to dampen prices significantly. Price reductions of the actively listed homes in Deschutes and …

Thankfully, inventory in Central Oregon continues to climb, with 649 single-family homes listed this morning in Deschutes County. Homes listed in Crook County were up by two to 117, and Jefferson County was flat at sixty-four. Conversely, the median price reduction for pending sales remains low, with Deschutes County …

Pending sales have increased in Crook, Deschutes, and Jefferson Counties since my report last week. Jefferson County has seen the most significant pending sale volume since I started tracking the county statistics last July, with eleven pending sales. Crook County also had eleven pending sales and a median price …

Single-family homes for sale in Deschutes County increased this week by the most significant amount in 2023 to 570, up forty-seven from last Wednesday. The increase is welcome news to buyers working with constrained supply and up from this time last year. However, on May 25, 2022, the inventory …

This week, inventory of available single-family homes declined in all three Central Oregon Counties, a sign that buyer demand is outstripping homes for sale. Pending sales in Deschutes County dropped by five to seventy-five, with twelve in Crook County and four in Jefferson County. Pending sales are a great …

The national average for 30-year fixed-rate mortgages climbed to 6.7% yesterday afternoon. However, pending sales increased by three to eighty in Deschutes County, and only nineteen days on the market. In Crook County, pending sales more than doubled from seven to fifteen, with forty-one days listed before securing a …

Over a week, I consume a lot of real-estate-related content, whether working for clients in Central Oregon or reading and watching reports from different analysts. Recently, I've noticed a trend in the comment sections of videos and written accounts of incredulous agents taking issue with the data. First, I …

Mortgage rates improved slightly this week, with yesterday's national average for a 30-year fixed rate at 6.37%, down ~.2%. Sales in Deschutes County remained solid at sixty-five but not as hot as last week's seventy-nine. Inventory increased by the reduced number of sales the previous week, now at …

By every significant metric, the Central Oregon housing market is heating up. In Deschutes County, buyer demand outpaced new listings, and inventory dropped by twelve, now at 529 single-family homes. Crook County inventory was flat at 116; in Jefferson County, the available homes for sale dropped two, now at …