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As we published last month, the Bend real estate market is in transition. The steep rise in mortgage rates and continued home price increase has impacted Bend homebuyers to the point where home sales have slowed beyond normal seasonal levels. It is as if the brakes have been hit and all onboard are bracing for an impact. What that eventual impact will be remains to be seen.
When October, 2022 sales of Bend single family homes are compared with those from October, 2021, the following changes can be noted:
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