July 2008 Real Estate Market Snapshot for Sisters, Oregon
By Lisa Broadwater, GRI, CDPE - Bend, Sisters, Tumalo, Redmond
(Cascade Sotheby's International Realty)
What can we learn from the July 2008 real estate statistics for Sisters, Oregon? The summer in Sisters is shaping up to be an extremely strong buyer's market and a real challenge for many sellers. Here's a closer look at what's happening in the Sisters real estate market: InventorySince June, an already hefty inventory continued to rise in Sisters: As of July 31, there were 146 Active Single Family Residence listings and 97 Active Residential With Acreage listings (homes on one acre or more). Taking into consideration the number of sales during the previous 12-month cycle (97 SFR sales and 26 RW sales), that equates to an 18-month supply of Single Family Residences and a 44-month supply of homes on one acre or more. (A balanced market is one that has about a six-month supply of listings...
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