Posts from April 12th, 2023

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April
12

Bend Oregon Real Estate | March 2023 Trends

April 12th, 2023 by Lynnea Miller

Bend Home Sales Down

We have been following the data and our transitional Bend real estate market is definitely showing downward trends in many categories. The rapid rise in prices and demand we saw during the covid pandemic were unsustainable and now we are seeing adjustments in home sales, days on market and home prices. The shock of higher mortgage interest rates is mostly over and home buyers are back in the market. And sellers are more realistic with home prices and willing to negotiate terms.

When Bend single family home sales on less than an acre are compared year over year, the following changes can be seen:

Average sales price down 7.7% to $801,839*
Median sales price down 12.3% to $680,000
Average list price up 5.5% to $970,512
Median list price up 4.7% to $784,950
New listings down 27% to 195
Homes for sale up 21.9% to 217
Pending sales down 26.5%...

Click Here to Read More...

Categories: Bend Oregon Real Estate Trends

Tags: bend oregon real estate, bend real estate, bend homes for sale, bend oregon, bend home prices, bend single family homes, bend homes, bend real estate trends, Bend Luxury Homes

Posts from April 12th, 2023

Bend Oregon Real Estate | March 2023 Trends

Bend Home Sales Down

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