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CENTRAL OREGON MARKET REPORT - JANUARY 31, 2024

Updated: Jan 31



Market Outlook

Notice the spread between active listings and sold listings, as well as the uptick for days on market. These are signs that we are leaning back towards a more normalized market climate. These numbers fluctuate seasonally and will continue to give us more insight over time. Let me know if you'd like to discuss your best strategy this Spring!


 
 

This Spring will bring many more listings to the market, but the number of sales may not match that increase.. Interest rates may come down and Buyer demand will most likely pick up in warmer months, but we still face an unaffordability predicament that may hold buyers back from taking a swing at their new home. Higher monthly payments will always create more selective and lees motivated buyers. It will be more important than ever for sellers to correctly price and market their homes to win out in competition over other properties. If you are a buyer that can purchase cash or roll over large equity from a previous sale, this is a good market to shop around. - Greg


 

What's new with Mortgage Rates?

This is a scenerio for top tier borrowers with 25% down and great credit. These rates and better can also be seen for other borrowers by using seller credits!



 



Are More Homeowners Selling as Mortgage Rates Come Down?

If you’re looking to buy a home, the recent downward trend in mortgage rates is good news because it helps with affordability Full Article



The Impact of Inflation on Real Estate

Inflation broadly impacts the overall economy, causing the prices of goods and services to rise. This can have rippling effects across various sectors, including the real estate market. Full Article 

Market Snapshot





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