Metropolitan Statistical Area (MSA):
The Hermiston-Pendleton, OR metropolitan statistical area (MSA) is located in the northeastern part of the state. The area is home to a large number of farms and ranches, as well as a growing number of retirees. The MSA includes the cities of Hermiston, Pendleton, and Milton-Freewater.
The housing market in the Hermiston-Pendleton MSA has been strong in recent years. Home prices have been rising steadily, and the number of homes sold has increased each year since 2013. The average sale price of a home in the MSA was $206,000 in 2017, up from $185,000 in 2016.
There are several factors driving the strong housing market in the Hermiston-Pendleton MSA. The area's economy is doing well, with low unemployment and strong job growth. In addition, many people are moving to the area to retire. The combination of these factors is resulting in more people looking to buy homes in the Hermiston-Pendleton MSA.
The future looks bright for the Hermiston-Pendleton MSA's housing market. Prices are expected to continue to rise as demand for homes remains high. If you're thinking about buying a home in the area, now is a good time to do so!
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