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Central Oregon Market Report - October 19, 2022

Coming Soon in Redmond! 1406 NW Upas Avenue - Redmond, OR $569,000 Single level home, featuring a spacious kitchen, quartz countertops, full tile backsplash, under cabinet lighting, stainless appliances and soft close cabinets. Open concept, vaulted ceilings and lots of natural light. The amazing yard includes a Koi pond, garden shed, arbor and pergola over the patio area. Beautifully landscaped front and backyard. 3 car garage, Rv parking and much more. No HOA fees! Conveniently located close to schools, shopping and more.


We are still seeing increased inventory and decreasing home prices. Competition amongst Buyers has become much less over the past few weeks, giving them more leverage for shopping and home inspections. It's now common to see Seller credits negotiated and applied to Buyer's closing costs and rate buy downs, in order to make payments more affordable and allow for less cash out of pocket. Recent conversations with my lenders predict that there is forcasted to be a refinance market in 12-18 months, but that is of course not guaranteed. Only time will tell and I'd say it's always smart to work through scenarios with present day numbers to make sure it's a comfortable purchase for you. - Greg

Mortgage Rates Update


Market Trends via Oregon Datashare A blend of several markets in Oregon to show trends across the state. Notice - the last 6 months have seen an increase in days on market and a flattening of Avg sold price.


Visit Bend awards 9 Sustainability Fund grants totaling $1.45 million for tourism-related projects Development of a robust mountain bike hub at Wanoga Sno-Park, including a refurbished pump track and four new bike park-like downhill trails for skill building and fun laps Full Article

Should You Still Buy a Home with the Latest News About Inflation? The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “should I still buy a home right now?” If that question is top of mind for you, here’s what you need to know. Full Article


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