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Central Oregon Market Report - September 25, 2024

PICK OF THE WEEK!

6322 NW Atkinson Avenue

Redmond, OR 🏡 97756 - $1,499,000

Nestled on a stunning 2.18-acre lot along the river, this 3,967-square-foot home offers breathtaking mountain views and serene surroundings. The property features two primary suites, two additional guest rooms, and a bonus room/flex/office space with a full bathroom, which could be used as a third primary suite. Multiple decks allow you to enjoy the river views and observe local wildlife. Kitchen complete with butler's pantry (plumbed and wired for laundry). The 3-car garage includes a shop and a convenient half bath, perfect for hobbies and projects. This property is a perfect blend of natural beauty and luxurious living. Shoot me a message or give me a call if you'd like more info or would like to tour this home! 541.525.9955

 
 

The news is out and it's becoming more forefront on everyone's minds... mortgage rates have started to fall! This is long awaited and very encouraging for buyers who have been looking to return to the market after a period of hesitation. Locally, our inventory has filled in quite a bit and this shift could drive renewed interest and increase demand. This creates opportunities for sellers, with increased competition for available homes. I foresee this greatly strengthening our sales market in Central Oregon and giving active listings a good shot at a Fall/Winter sale if the sellers are willing to stick things out. If you are interested to see how your property might specifically be impacted by these changes, please reach out so that I can give you some specific advice on how you can stay ahead of the trend and capitalize on upcoming changes! - Greg

 

What's new with Mortgage Rates?

 

New Home Sales Fell By 4.7% In August

New home sales remained sluggish in August before confidence in an FOMC rate cut led to cooling rates.

That’s according to data from the U.S. Census Bureau and the Department of Housing and Urban Development, which reported sales ticking down by 4.7% to a seasonally adjusted annual rate of 716,000 in August, down from the month priors’ revised rate of 751,000.


 

Market Snapshot


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