Inventory across Central Oregon is up over last week as listings increase, heading towards the peak selling season. Homes listed for sale are also up from last year, a factor that is contributing to increased sales volume year to date. By this day in 2023, 443 single-family homes sold …

With the 30-year fixed-rate national average for a conventional mortgage still above 7%, the inventory of single-family homes in Deschutes County is steadily building. This week, there are 573 listings at a median of 739k, with forty-eight pending sales (647k) and fifty-nine (650k) sold homes. Today's inventory reflects a …

With the housing market simmering considerably less than red-hot, inventory is relatively stable but fluctuating. Mortgage rates this morning are at 7.16%, but prices across all three counties of Central Oregon are up for active, pending, and closed sales compared to this week in 2023. With interest rates …

With mortgage interest rates over 7%, the inventory of single-family homes in Central Oregon has stabilized. If rates stay above 7%, I expect modest inventory growth, as higher rates slow the market. Hopes of a rate pivot in March have not only disappeared, but many are talking about a rate …

Yesterday's Consumer Price Index report was a bucket of cold water for those clamoring for a rate pivot from the Federal Reserve. Most financial writers are comparing year-over-year inflation, but when viewed month over month and annualized over three and six months, the trends are rising, not decreasing, especially …

Am I the only one that can't believe the first week of February is over? As the new year chugs along, the housing market shows signs of what is in store for the first half of the season. Most analysts and real estate insiders have assumed that the Federal …

Today, I wrap up my year-end reports focusing on Madras and Terrebonne sales in 2023. I looked at the Sisters year-over-year comparisons just before the end of last year in my December 13 report. Followed by Redmond on December 20, La Pine on December 27, Prineville and Brasada Ranch on …

In today's report, I will break down the Caldera Springs and Crosswater subdivisions in the Three Rivers South/Sunriver area. But first, the three county report for Central Oregon.

This morning in Deschutes County, there are 578 single-family homes listed, ten less than last week. On this week …

Today, I have year-end reports for Sunriver and Three Rivers South and the tri-county Central Oregon weekly reports. Most people know that Sunriver Resort stands independently between Bend and La Pine, but fewer know that Three Rivers South is considered a Bend zip code. Interestingly, Sunriver and Three Rivers South …

Only ten days into 2024, activity has already begun to pick up in the housing market. Between all the speculation that the Fed will lower rates, Janet Yellen declaring a "soft landing" with no recession in sight, and with limited inventory, the year looks like it is shaping up to …