Eastern Oregon Insider - Your Guide To Our Local Real Estate Market

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EASTERN INSIDER

Navigating the Eastern Oregon Real Estate Landscape

Main Takeaways from This Report:

Stability, Sustainability, and Growth Ahead: While the rapid growth of previous years has moderated, the market remains stable and poised for continued growth This suggests a healthy real estate environment in our local market.

Diverse Market Dynamics: The answer to “how’s the market” truly depends on what part of the market you are looking at. The following report shows how diverse our market is depending on which city, price range, or even home type (resale vs new construction) you’re looking at

Opportunities for Buyers and Sellers: Depending on the city and property type, there are opportunities for both buyers and sellers Sellers may find advantages in certain areas with low inventory, while buyers may benefit from negotiating power in others with higher inventory levels.

Importance of Data-Driven Decisions: At Windermere, we believe knowledge is power, and in understanding the complexities of our local market, we can better help you navigate it to a more optimized outcome

Insider Highlights

STEADY GROWTH AND STABILIZATION

AVERAGE SALE PRICES

RESALE VS NEW CONSTRUCTION

MONTHS OF INVENTORY

MARKET SNAPSHOT

Questions You May Want to Dive Deeper Into with Your Windermere Realtor:

How do current market conditions align with my goals? What are the best strategies for navigating the current market as a buyer or seller in light of recent trends and forecasts? What are the long-term implications of these market trends and how should I position myself for future opportunities?

Annual Home Appreciation in Oregon, WA:

A Shift Towards Stability

Let's dive into the numbers: In 2023, our homes appreciated by a steady 1 6% While this may seem like a departure from the rapid growth of recent years, it's actually a positive indicator of the stability and resilience of our market.

Putting things into perspective: Since 2004, our home prices have appreciated by an impressive 185.5%, with an average annual growth rate of 6.1%. This steady, consistent growth speaks volumes about the appeal and strength of our local market.

Sales Activity This Month:

A Look at Real Estate Trends

Average

Sales Price Snapshot

(yearly compared to Year-to-date for 2024)

Average Sales Price Snapshot

Umatilla & Morrow Counties

Building Trust Through Transparency: Understanding Eastern Oregons' Real Estate Market

In the ever-changing landscape of real estate, it's crucial to have a reliable source of information you can trust. Here in the Eastern Oregon area, we pride ourselves on delivering accurate, hard facts about our local market to keep you informed and empowered