It's Still Red Hot in Central Oregon
Posted by Debbi McCune on Tuesday, March 22, 2022 at 3:33 PM By Debbi McCune / March 22, 2022 Comment
The Central Oregon housing markets continues to be hot for Spring and Summer of 2022. The lack of homes available for sale is a primary issue for the housing shortage. It is a basic supply and demand concept. High demand, and limited inventory makes for a Seller's Market!
What I am certain of, regardless of what is happening nationally or locally, your needs will dictate what's right for you.
My research about the economy, as well as national and local real estate markets, indicates the Central Oregon market appears to be staying strong through spring and summer of 2022.
Based on market analysis for Bend, Redmond and Sisters the median price is still rising and days on market is shrinking. This means the demand continues to grow with no relief in sight for more inventory.
My clients are happier to get into their homes now feeling that the same home will be significantly higher in the months to come.