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CENTRAL OREGON MARKET REPORT - DECEMBER 20, 2023

 
 

Thank you all so much for tuning into these emails and continuing to use me as your real estate resource. I take great pride in the work that I do and really enjoy being able to answer your questions, offer guidance and stay in touch. Have a great holiday weekend! -Greg

 

State of the Market

In the past year there has been more variable between what Sellers want for their homes and what Buyers are willing and able to pay. Interest rates definitely play into this equation with affordability restrictions and loss of motivation. In due time the market will continue to adapt and balance out based on supply and demand. Our current list to sales ratio is currently at 98%, which is very average for a "normal" market.

 

Why Mortgage Rates Could Continue To Decline

Recently inflation has started to cool, a signal those increases worked and are bringing inflation back down.


 

Market Snapshot


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