In June, Tumalo reversed course and saw an increase in the number of Active Residential with Acreage listings (up from 88 to 104). That's not good news for sellers, who are now looking at a formidable 38-month supply. On the plus side, the median price for Active Residential with Acreage listings dropped more than $100,000 (from $898,500 to $759,500), after hovering near $900,000 all year. Perhaps Tumalo sellers are finally beginning to be more realistic about the current market.

However, 36 Active listings are still at or above $1 million, and the average days on market in that price bracket is a daunting 254. On a more positive note, like last month, there was increase in the number of sales (pending and closed) above $500,000, which had been scarce previously this year.

As a horse-property specialist, Tumalo has always been of particular interest to me because that's where you'll find many of the most desirable horse properties in Central Oregon. Because its boundaries are up to interpretation, please consider the following statistics a general barometer of the area's real estate activity that includes most, but not necessarily all, of the listings in Tumalo.

Here are a few June highlights of the Tumalo market:

LISTING ACTIVITY
Active Residential With Acreage Listings in Tumalo:  104
Contingent Residential With Acreage Sales in Tumalo:  0
Pending Residential With Acreage Sales in Tumalo:  4
Residential With Acreage Closed Sales in Tumalo:  5
Average Days on Market:      214 days for Active RW listings 
                                          316 days for RW listings sold in June
                                              
Median Sales Price:               $759,500 for Active RW listings 
                                          $566,000 for RW listings sold in June                                                                                        

INVENTORY:
Residential with Acreage: 38-month supply (33 sales in the previous 12 months)

SALES PRICE:
Least-Expensive Residential with Acreage Active Listing: $136,900
Most-Expensive Residential with Acreage Active Listing: $3,900,000
Price Poinst with the Most Active Listings:     $550,000-$599,999 (11 listings) 
                                                                $1,250,000-$1,499,000 (10 listings)
Listings at $1,000,000 or more: 36

If you're interested in studying the market in more depth, below are a number of charts that capture various aspects of the March 2009 Sisters real estate market in detail.

If you'd like to learn more about the Sisters real estate market, don't hesitate
to email me or call me toll-free at 866-963-2760.

About the Author:
Lisa Broadwater is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.