Over view of Redmond
Located in the heart of Central Oregon, Redmond is a growing city that blends small-town charm with modern amenities Just 20 minutes north of Bend and home to the region?s main airport, it?s a convenient hub for both residents and visitors
Redmond has transformed from its agricultural roots into a vibrant community known for its revitalized downtown, local breweries, parks, and easy access to outdoor recreation like Smith Rock and the Cascade Mountains It?s a favorite for families, remote workers, and retirees who want affordability, space, and quick access to Central Oregon?s best
With steady growth and new development, Redmond continues to attract buyers looking for lifestyle, value, and a strong sense of community
Redmond Mid Year Market Report
M ar ket Summar y
Resident ial/ Condos/ Tow nhouses
Redmond June Market Report
M ar ket Summar y
Resident ial Homes (Single Family/ Condo/ Tow
Redmond Market Condition
Buyer 's M ar ket
M ar ket Condit ions
Balanced M ar ket
Seller 's M ar ket
4.5 Mont hs of Invent ory
Buyer'sMarket
Morethan 5 Monthsof Inventory
Buyer 's vs. Seller 's M ar ket
Balanced Market 3 - 5 Monthsof Inventory
Seller'sMarket
Lessthan 3 Monthsof Inventory
The key similarities and differences between a buyer's and seller's market; and how these market factors impact each group.
Buyer's Market
More people selling homes than buying
MoreHomesto ChooseFrom
MoreNegotiating Power
Could Spend Lessthan Asking Price
PriceRestrictions
Rarely Competing Offers
Buyer's Market
More people selling homes than buying
TakesMoreTimeto Sell
Fewer OffersReceived
Could get Lower than Asking Price
May Haveto makeRepairsand/or Concessions
Seller's Market
More people buying homes than selling
Fewer Homesto ChooseFrom LessNegotiating Power
Need to beAbleto CloseQuickly
Could Spend Morethan Asking Price
Competition From Other Buyers
Seller's Market
More people buying homes than selling
HomeSellsQuickly
MultipleOffersLikely
Could get Morethan Asking Price
BuyersWilling to Overlook Repairs
