Posts from May 4th, 2022
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Bend Oregon Real Estate | April 2022 Trends
Are Bend Real Estate Sales at a Crossroads?
We have been blogging monthly about Bend real estate trends for many years. Often the data repeats itself month after month and it can feel a bit repetitious. However, since the beginning of 2022, we have noted changes with Bend home sales trends. There may be many things that are contributing to these changes - i.e. inflation, rising mortgage interest rates, the end of the Covid pandemic mask mandates and stay at home orders, the war in Ukraine, and the start of the mid-year election season to name a few. It remains to be seen whether or not these changes will continue as we move into the Bend's peak selling season which runs from mid spring into early fall.
When April 2022 Bend single family home sales on less than an acre are compared with those from April 2021, the following changes can be seen:
- Average sales price up 13.7% to $876,041*
- Median sales price up 17.9...