Posts with tag 'bend real estate trends'
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The Number of Bend Homes for Sale Is Increasing
Bend Oregon Real Estate Market Has Been Challenging
There's no denying the last couple of years have been tough for anyone trying to buy a Bend Home because there haven't been enough houses to go around. But things are starting to look up.
There are more homes up for grabs this year. The graph below uses the latest data from Realtor.com to show in April 2024 there were more homes for sale than there were over the last few years (2021-2023):
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Bend Premier Real Estate | May 2024 Newsletter
What's in the May 2024 Bend Premier Real Estate Newsletter?
- Bend Home Inventory Levels Rising
- Asparagus and Crab Salad
- To Dos: Your May Home Checklist
- 2024 Bend Oregon Concerts Scheduled
- Builders are Building Smaller Homes
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Bend Oregon Real Estate | April 2024 Trends
Bend Home Inventory Levels Rising
Bend real estate is entering its peak selling season from late spring until early fall. With this season a rise in home inventory levels typically leads to greater buyer interest and more sales as buyers who may have been sporadically looking for homes get more serious about their purchase, often wanting to negotiate a sale and closing before fall. Sellers who may have been waiting until spring and summer when landscaping is alive and curb appeal can be its best will put their homes on the market hoping to sell quickly. And real estate brokers may find that both buyers and sellers they have been in communication with through winter are now ready.
The April figures fo...
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Central Oregon Real Estate Market Trends 1st Quarter 2024
Central Oregon Market Trends 1st Quarter 2024
The Central Oregon real estate market trends for the major urban areas continue to reflect a seller's market, although residential inventory levels have risen in most locations. The desperate lack of inventory experienced during Covid has changed, and while home prices overall continue to rise, in some smaller markets price reductions can be noted. With more inventory, days on market have also generally gone up, but well priced homes are still selling quickly and multiple offers can happen. Bend, Redmond and Sunriver are showing strong upward trends in all categories with home prices, listings, inventory levels and days on market all rising. Whether or not this trend continues in 2nd quarter with mortgage interest rates well about 7% remains to be seen.
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The Best Way to Keep Track of Mortgage Rate Trends for Your Bend Oregon Home Purchase
If you're thinking about buying a Bend home, chances are you've got mortgage interest rates on your mind. You've heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you're factoring that in as you plan your move.
The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here's a qu...
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