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Posts from November 7th, 2022

Bend Premier Real Estate Blog

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November
7

There are a lot of Questions with Bend Home Sales

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:

  • Average sales price up 6.4% to $823,360*
  • Median sales price up 4.4% to $680,000
  • Average list price up 17.6% to $934,365
  • Median list price up 4.7% to $725,000
  • New listings down 23.2% to 129
  • Homes for sale up 34.5%...

Click Here to Read More...

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