Posts with tag 'bend real estate trends'
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10
Bend Premier Real Estate | January 2025 Newsletter
What's in the January 2025 Bend Premier Newsletter?
- More Inventory and Moderate Price Increase the Norm in 2024
- Creamy Mushroom Pasta
- Cozy Ideas to Transform Your Living Room This Winter
- Hike Smith Rock for a Winter Challenge
- Get Ready to Sell a Home in 2025
7
Bend Oregon Real Estate | 2024 Trends and 2025 Predictions
More Bend Home Inventory and Moderate Price Increases Were the Norm for 2024 Sales
2024 Bend home sales experienced modest price increases for the year, but Bend home buyers were fortunate to have more options. Sellers who had hesitated putting their property on the market during Covid and following when mortgage interest rates were close to 8% finally had more inclination to do so when mortgage rates dropped to the mid 6% range during the summer of 2024. Delayed moves which were offset by high mortgage rates for a subsequent purchase finally made sense when rates dropped. Although there was an increase in home prices and sales for Bend single family homes, it was modest. With more in...
10
What Will It Take for Bend Home Prices To Come Down?
You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that's not what's in the cards – and here's why.
There are more people who want to buy a home than there are homes available to purchase. That's what drives prices up.
Let's break that down and explore why, nationally, home prices aren't going to be coming down anytime soon.
Prices Depend on Supply and Demand
The housing market...
6
Bend Premier Real Estate | December 2024 Newsletter
What's in the December 2024 Bend Premier Newsletter?
- More Inventory Means More Choices for Bend Homebuyers
- Eggnog Pie
- The Dos and Don'ts for Holiday Decorating When Selling
- Hike to Paulina Falls in Winter for a Truly Unique Experience
- Ready to Sell in 2025
6
Bend Oregon Real Estate | November 2024 Trends
More Inventory Means More Choices for Bend Home Buyers
There are more homes on the market for potential Bend home buyers to choose from than there were at the same time last year. With more inventory, there has been more motivation for sellers to negotiate price and terms with buyers. This in turn has resulted in homes selling for less than asking price, often after price reductions, in order to generate offers. While the overall sales price is up slightly over the same time last year, the months of supply is up over 11%.
When the data from November 2024 for Bend single family home sales on less than an acre is compared with those from November 2023, the following changes can be seen:
- Average sales price up 4.1% to $888,821
- Median sales price up 2.6% to $711,875
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