Posts with tag 'bend home prices'
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13
Bend Premier Real Estate |July 2023 Newsletter
What's in the July 2023 Bend Premier Real Estate Newsletter?
- Bend Home Sales Reflect Mixed Results
- Iron Mountain Hike 2023
- Today's Housing Market is a Sweet Spot for Sellers
- The Bend Oregon Pet Parade
- The Benefits of Downsizing for Homeowners
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
6
Bend Oregon Real Estate | May 2023 Trends
Bend Single Family Home Sales Figures Remain Mixed
The May 2023 Bend real estate sales have been published and reflect a market in transition. Inventory levels are growing, but a strong seller's market remains. High mortgage interest rates continue to impact buyer's purchasing power and while average home prices are down slightly, they are not at a level that would significantly affect most Bend home buyers. As we enter our summer peak selling season, the question on how mortgage rates and inventory levels will reflect in 2023 home sales will be answered.
When May 2023 Bend single family home sales on less than an acre are compared with those from May of 2022, the following changes can be noted:
- Average sales price down 3.1% to $861,432
- Median sales price up .8% to $746,250
- New listings down 26.7% to 222
- Homes for sale down 21.1% to 265
- Pending sales down 21.8% to 172
11
Bend Premier Real Estate | May 2023 Newsletter
What's in the May 2023 Bend Premier Newsletter?
- Bend Home Sales Take a Downward Turn
- Rancher Butcher Chef
- Downsizing for the Win?
- 6 Books to Change Your Real Estate Perspective
- Reasons to Sell Your House in Today's Market
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