Q2 Reports - 2023

June 28, 2023

Central Oregon Market Report | June 28, 2023

Central Oregon Market Report for June 28, 2023

Real estate activity in Deschutes County for single-family homes remains strong, with seventy-eight pending sales and seventy-seven closed weekly transactions. More importantly, the active listings only increased by twenty-five to 787, twenty-two less than this week last year. The year-over-year weekly difference in inventory may be small, but the available ...

View More
June 21, 2023

Central Oregon Market Report | June 21, 2023

Central Oregon Market Report for June 21, 2023

Before I pulled the MLS data this morning, I prepared to write about cracks beginning to appear in the housing market based on stubbornly high mortgage interest rates. My speculation about a slowing market originated from an early week spike in inventory and my incorrect assumption that buyers would not ...

View More
June 14, 2023

Central Oregon Market Report | June 14, 2023

Central Oregon Market Report for June 14, 2023

The lack of homes for sale in Central Oregon is no more apparent than in the less populated counties of Crook and Jefferson, where the inventory of single-family homes this week are 133 and seventy, respectively, an increase of one for each county over last week. With so few homes ...

View More
June 7, 2023

Central Oregon Market Report | June 7, 2023

Central Oregon Market Report for June 7, 2023

Mortgage rates backed off of recent highs, with the 30-year average for a fixed-rate conventional loan at 6.89% yesterday afternoon, unchanged from Monday. This week is bereft of new data, with the Fed in a blackout period ahead of next week's meeting and the CPI numbers coming out ...

View More
May 31, 2023

Central Oregon Market Report | May 31, 2023

Central Oregon Market Report for May 31, 2023

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, 2022 ...

View More
May 24, 2023

Central Oregon Market Report | May 24, 2023

Central Oregon Market Report for May 24, 2023

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 ...

View More
May 17, 2023

Central Oregon Market Report | May 17, 2023

Central Oregon Market Report for May 17, 2023

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 at ...

View More
May 10, 2023

Central Oregon Market Report | May 10, 2023

Central Oregon Market Report for May 10, 2023

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 reduction ...

View More
May 3, 2023

Central Oregon Market Report | May 3, 2023

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 of ...

View More
April 26, 2023

Central Oregon Market Report | April 26, 2023

Central Oregon Market Report for April 26, 2023

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 future ...

View More