Bend Oregon Real Estate - Q4 2024 Market Trends
Click Here to see the Q4 Market Trends for Bend Real Estate and Redmond Real Estate, as well as the Q4 real estate trends in Sunriver, La Pine, Sisters, Prineville, Madras, Powell Butte, Terrebonne, Black Butte Ranch, and Culver. In Q4 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, generally seeing an increase in inventory year over year with more homes, more new listings, and typically more days on market. Buyers had more opportunities with the increased number of homes for sale and sellers were more willing to consider offers less than asking price as well as negotiate with repairs. The number of listings grew, days on market increased in all areas but the smaller markets of Powell Butte and Black Butte Ranch, but prices were not moving as dramatically as experienced during the Covid Pandemic years; however, in a smaller market any sales can greatly impact the data and sharper increases and decreases can be seen. New listings were up in all markets except Redmond, Sunriver, Madras and Powell Butte which led to more inventory and more buyer options.
A Bend Premier real estate agent understands the local market trends, which is crucial to properly representing buyers and sellers. They can provide insights into which areas are popular, price trends, and the average time properties stay on the market. They can also provide you with access to listings that match your criteria, some of which may not be widely advertised. They also have the first word on properties about to hit the market, giving you an edge in a competitive market.
To learn more about buying or selling Bend real estate, contact one of our Premier Agents at (541) 323-2779 any day of the week.
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