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If you're thinking about selling your house, here's something you really need to know. Even though it's still a seller's market today, you can't pick just any price for your listing.
While home prices are still appreciating in most areas, they're climbing at a slower pace because higher mortgage rates are putting a squeeze on
If you're planning to move soon, you might be wondering if there'll be more Bend homes to choose from, where prices and mortgage rates are headed, and how to navigate today's Bend real estate market. If so, here's what the professionals are saying about what's in store for this season.
Odeta Kushi, Deputy Chief Economist, First American:
". . . it seems our general expectation for the spring is that we will see a pickup in inventory. In fact, that already seems to be happening. But i...
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
Are we getting back to a normal, seasonal adjustment to Bend real estate sales? Typically Bend single family home sales drop off in the fall once children start back to school and regular fall activities resume. Bend's usual homebuyer in the fall includes retirees, the second home buyer and investors. However, Bend home sales fall of 2020 did not drop off with homebuyers snapping up available property at amazing levels through the end of October. Sales remained above normal even through the holidays.
As we reported in an earlier blog this year, Bend home sales started shifting from the frantic buying seen over the past 12 months to a more normal level in July, 2021 and this trend has conti...
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