Posts from August 9th, 2021
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Bend Oregon Real Estate | July 2021 Trends
Bend Real Estate Sales Trends Starting to Shift
Ask most Central Oregon Brokers what happened with July 2021 real estate sales, and they will tell you that they saw a change to the market during the month. Although prices were up considerably over those from a year ago, compared with June, 2021, prices actually were down on average. A good number of price reductions were seen on a daily basis and the pace and number of multiple offers on listings were dramatically down. Compared with a year ago, the trends we have seen over the past year remained consistent, but not at the extreme levels experienced during the Covid lockdowns. Some offers on properties are now experiencing counter offers and the days on market are lengthening. It remains to be seen whether or not these trends will continue.
But when we look just at the differences between July 2021 with July 2020 on Bend single family home sales, the following trends remain dramat...