In the classic movie "Groundhog Day," Bill Murray wakes up every morning to the same reality. The premise is that Murray's character has not lived a proper life, so he has to live the same day over and over until he gets it right. The low volume of Central Oregon real estate as of late has me relating to Murray's character that is eponymous with reliving an experience! The number of buyers looking to make Central Oregon home has likely increased since the start of the pandemic, and judging by the traffic last weekend, tourism is back with a vengeance! Housing inventory changes rapidly, with new homes on the market daily, but the supply remains historically low. Supply and demand economics are in play to keep prices firm.
As small and large businesses alike learn to navigate through myriad restrictions regarding COVID-19, the general population is showing up in support. Looking back at the history of Central Oregon, it is fair to say our economy has matured. The flight from densely populated cities to the Oregon high desert is picking up steam. With work-from-home more prevalent than ever, the trends driving growth are sure to continue for the foreseeable future.
