89 articles found with the search of "market trends"
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13
Redmond Oregon Real Estate | First Half 2023 Trends
Redmond Real Estate Sales Reflect a Market in Transition
It has been awhile since we last looked at the data for Redmond Oregon home sales. Redmond's housing has consistently been more affordable than that available in Bend with the majority of homes in the city what most would considered middle income suburban. The Covid-19 housing boom impacted Redmond as it did most of the country, and now rising interest rates, lack of inventory, and relatively high prices are creating a housing market in transition.
We looked at Redmond home sale for the first half of 2023. When the first six months of 2023 are compared with the first six months of 2022, the following changes can...
7
Bend Oregon Real Estate | June 2023 Trends
Bend Single Family Home Sales Reflect Mixed Results
We have been tracking Bend home sales for many years. Bend has been in a seller's market since 2012, but the level to which the seller's market changed during Covid was beyond any we had seen before. Home prices skyrocketed with multiple offers driving sales and inventory levels dropping to two weeks at the peak of the pandemic. However, since last summer, the Bend real estate market has been in transition with rising mortgage interest rates the biggest contributor to the change. While high mortgage rates have greatly impacted the buying power of many home buyers, lack of inventory remains an issue. We had seen home price increases level off and even drop yea...
12
Bend Premier Real Estate | June 2023 Newsletter
What's in the June 2023 Bend Premier Real Estate Newsletter?
- May Bend Home Sales Remain Mixed
- Watermelon Shrub
- Real Estate is Still Considered the Best Long Term Investment
- Tumalo Mountain June 2023
- Moving Now Can Give Your Home its Day in the Sun
13
Bend Premier Real Estate | April 2023 Newsletter
What's in the April 2023 Bend Premier Newsletter?
- Bend Market Trends - March 2023
- Sparkling Strawberry Mint Limeaid
- Staging Tips for Spring
- 6 Questions to Ask Your Agent Before Buying
a Home - The Key Advantage of Investing in a Home
7
Bend Oregon Real Estate | February 2023 Trends
Bend Home Prices Coming Down
For many years we have tracked Bend real estate trends and have consistently watched home prices rise year over year. Since coming out of the housing recession in 2011, Bend median home prices have risen over 465% from a low of $165,210 in December, 2010 to a high of $775,000 in March of 2022. When the Covid-19 pandemic hit, the rate of Bend home price increase accelerated to over 75% in three years. This rate of increase was unsustainable and since reaching their high last summer, Bend home prices have fallen.
February 2023 was the first month which saw a year over year price reduction in Bend homes. When February 2023 Bend single family home sales on less than an acre are compared with those from February 2022, the following changes can be seen:
- Average sales price down 7% to $821,827*