The November Bratton Market Report for Central Oregon Real Estate is Here!

The Bratton group presents their numbers for October highlighting the real estate market trends in Central Oregon. The Bratton Real Estate Trends Report, Duke Warner Realty Real Estate Trends Report and The Bratton Notice of Default report are all available on shopbendhomes.com under area information – Market Trends Reports


These reports are great for the numbers junkies that can’t get enough information. You can use these numbers to distill your own ideas of where you think the market is heading. If this is too much information you can give me a call or email me and we can sit down and go over the pros and cons of today’s market conditions.

From where I sit the market in Central Oregon continues to stabilize with Notice of Defaults falling and homes in the $350,000 and under having the best strength. The lead in sales and the inventory has consistently been shrinking. In Bend there is currently 3.5 or less months of housing inventory in most categories under $350,000. The upper reaches of the market remain soft with more compromises on sales prices coming.

Redmond and the outlying markets have been slower to recover but have seen similar strength in the same price ranges. Our regions rural properties are bringing up the rear and remain relatively stagnant with money for financing being difficult to come by for these properties.

With interest rates remaining historically low many are finding this market prime with opportunity. These interest rates combined with the value in properties under $350,000 is helping lead the market to the low inventory numbers. It is hard to say how long we will see these low interest rates. Many feel the Feds decision to purchase $600 billion in long term treasury bonds last week may led to inflation hence driving the interest rates up. For now they remain low and should for the next few months.

If the rates head upwards it will be interesting to see if those who have been on the fence about buying in today’s market decide to make their move and jump in before they miss out.