Posts from December 10th, 2021
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Bend Oregon Real Estate | November 2021 Trends
Bend Real Estate Sales Still Strong Fall 2021
Bend homes prices are still rising, despite the seasonal slowdown that is experienced in 4th quarter. Demand is strong, but there is a significant reduction in inventory as is typical in the fall, especially once the holiday season begins. The median home price of a Bend single family home has broken a new record and is now pushing $700,000. More purchases this fall have involved loans as compared with the 2021 summer when cash buyers usually won in a multiple offer scenario. With fewer multiple offers, more buyers with loans are having their offers accepted. If the price of the home works for their budget, first time homeowners are now seeing their offers accepted.
When November of 2021 is compared with November of 2020, the following can be noted for Bend single family...