Our Market

Historically, December marks the low point of the year for active listings in Central Oregon. This year, however, ended roughly 26% higher than its lowest point in February, handing us a slightly busier winter market than normal. If 2022 follows seasonal trends, we can expect the number of listings each month to begin to climb in January until they reach their peak again in May or June.

Prices continue to rise, with the active median list price reaching an all-time high in December of $695,000, an 11% increase from the start of the year. Median list price also took a drastic upward turn last month, jumping 10% from November to a record high of $650,000, indicating increased confidence among sellers.

While December seasonally marks the lowest point for inventory, months of supply this December are still far lower than in a typical year, with the absorption rate sitting just under a month. For comparison, in December of 2019 the Central Oregon market held nearly 4 times this amount of inventory.

While 2022 will likely see an increase in interest rates, we can expect that home prices will continue to rise for the near future, making this upcoming year another lucrative one for sellers.

additional resources

Beacon Report

EDCO

HUD Market Analysis

City of Bend

City of Redmond

City of Sisters