89 articles found with the search of "market trends"
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9
Bend Premier Real Estate | February 2023 Newsletter
What's in the February 2023 Newsletter?
- Bend Oregon Real Estate | January 2023 Trends
- Tuxedo Strawberries Recipe
- 4 Inexpensive Ways to Boost Curb Appeal This Winter
- You May Not Need as Much as You Think for Your Down Payment
7
Bend Oregon Real Estate | January 2023 Trends
Bend Home Sales Facing Twists and Turns in 2023
The road ahead for Bend home sales in 2023 is facing many changes from that seen in 2022. Although the fall 2022 Bend real estate market experienced a season of transition with a significant slowing of home sales, the change should be looked at in relationship to the market prior to the Covid-19 pandemic and resulting real estate boom. While the road ahead appears to be in a "slow down" mode, it is all relative to an overall healthy market more balanced between sellers and buyers.
When January 2023 is compared with January 2022 for Bend single family home sales, the following changes are noted:
- Average sales price up 7.9% to $849,680*
- Median sales price up .3% to $684,950
- New listings down 27.8% to 109
- Homes for sale up 59.4% to 204
8
Bend Oregon Real Estate | 2022 Trends and 2023 Predictions
Bend Home Sales Significantly Down the End of 2022
When we study Bend real estate sales in 2022, we can state with confidence that the first six months were very different that the second half of the year. The first half of the year was a continuation of what was seen in 2021, with Bend single family home sales greatly impacted by lack of inventory and relatively low interest rates. It was an extremely strong sellers' market with multiple offers and contingency waivers a normal occurrence. However, the second half of the year was highly influenced by rising mortgage interest rates with these more than doubling in just a few months - something that had never happened before in the country's history. The high mortgage rates changed the buying power of potential Bend homebuyers, and the sales of
9
Bend Premier Real Estate | December 2022 Newsletter
What's in the December 2022 Newsletter?
- Bend Real Estate Market in Transition
- Chasing Frozen Waterfalls
- 'Tis the Season for Eating
- A Place to Revisit Downtown
- Winter Home Selling Checklist
7
Bend Oregon Real Estate | November 2022 Trends
Bend Real Estate Market in Transition
Ask any Bend Premier Real Estate broker about the local housing market and they will tell you that it is changing. After the initial few weeks of the Covid-19 pandemic, real estate sales across the nation accelerated beyond any seen before. Lack of inventory coupled with low interest rates led to multiple-offers, tremendous buyer demand and rising home prices; between March of 2020 and March of 2022, the average price of a Bend single family home on less than an acre increased 67%. This rate of increase was not sustainable. When