Redmond, Oregon Housing Market Trends
While it's convenient to find information about national trends, purchasing decisions are made on a local level. If you have a strong interest in the Central Oregon housing market trends, the following locally-focused information will hit the mark for you.
All the data gathered came directly from the local MLS.
Median Home Price
Deeper Dive Into the Redmond Market
Graphs updated periodically throughout the month. Any data pertaining to how the current month will end is based on projections using data since the start of the month.
What You Should Know From the Information Above
SELLERS: Seller activity in Redmond, while originally slow, came back to life in March. The available inventory for sale currently heavily favors in the $400k to $600k range. If your home valuation puts your home in the same range, it’s incredibly important to ensure you know your homes competition and create a more appealing home to potential buyers.
Takeaway: know your homes competition and make your home better
BUYERS: Buyer activity has shown a little more life since the start of the year, but really showed up in March also. Longer days on market isn’t uncommon in Redmond, so sellers aren’t necessarily hitting the ‘desperation’ button compared to some sellers in Bend. There are a lot of options between $400k and $600k and will continue to be as the year progresses.
Takeaway: there are lots of great options at affordable prices. Don’t be surprised to see lesser negotiation power compared to Bend