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CENTRAL OREGON MARKET REPORT - APRIL 26, 2023

New Listing

2570 NW Spruce Place - Redmond, OR - $610,000

This beautiful 4 bedroom, 3 full bath home built in 2021 is a perfect blend of luxury and comfort. Located in NW Redmond in reach of neighborhood parks, Dry Canyon & more!

 
 

The Spring market is heating up, but home sales are still lagging from what we saw last year. Homes priced at the break in price points are selling quickly and sometimes with multiple offers. Homes in other price points are selling as well, but the market is much more picky on the value your listing offers. It is more important than ever to price your home competitively and properly market your home to draw buyer interest.


Another question that comes up frequently is "how do I successfully sell my current home and buy my next without being displaced?" The best way that this can be achieved is through a contingent offer. A contingent sale is a real estate transaction in which the buyer makes an offer to purchase a new home, but the offer is contingent upon the successful sale of their current home. By using a contingent offer, you can avoid being "homeless" for a brief period of time during the transition between homes. This also ensures a smoother process and only having to move once! It's important to work closely with experienced real estate professionals who can guide you through the intricacies of contingent offers and help you navigate the process successfully. Let me know if you need more info on this topic or if I can answer any other questions.

 

Mortgage Rates Update

The below rates are ranges of what to expect, but these numbers may vary based on your criteria and qualifying information. Let me know if you'd like to connect with a preferred lender.

 

The Three Factors Affecting Home Affordability Today

Home affordability is based on more than just mortgage rates – it’s determined by a combination of mortgage rates, home prices, and wages.



The Great Outdoors: Tribal Fishing

Fishing with Native American fishing guides on the Warm Springs Indian Reservation — essentially private property.



 

Market Snapshot



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