September Market Stats

September Market Stats

Welcome back to the Suzanne and Sarah YouTube channel! I’m Suzanne Moore, a realtor in the stunning Bend, Oregon, and the founder of the Central Oregon Investor Network. Our mission is to connect investors from Central Oregon and beyond, allowing us to learn from one another and enhance our real estate investments.

Monthly Market Insights

Let’s dive into the latest market stats for September 2024. As predicted last month, home prices in Bend have increased compared to August. This pattern has become somewhat of a trend in recent years: after a dip in August, we typically see a price spike in September. This year, the median home price jumped by $8,000, mirroring last year’s increase.

While the increase is encouraging, it's worth noting that homes are spending more time on the market. On average, properties are sitting for about 26 days—an increase of 26% compared to previous months. This is the longest average since February 2024, when homes were on the market for around 40 days.

Interestingly, September also tied with August for the highest number of home sales since the summer. This uptick likely reflects a rush of buyers aiming to finalize purchases before the school year fully kicks off and the holiday season approaches.

Predictions for October

So, what’s next for the Bend real estate market? We anticipate a decrease in the average days on market for homes. Why? Recent dips in interest rates are encouraging buyers, even though we’re seeing some fluctuations again.

Curious about our additional predictions? We’d love to share more insights with you! Feel free to comment below or reach out through the contact information linked in the video description.

Whether you're looking to move to Bend and enjoy our incredible outdoor lifestyle or invest in real estate for passive income, we’re here to help you navigate the market.