Posts with tag 'Bend'
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Bend Oregon Real Estate | March 2024 Trends
Bend Home Prices Up and Inventory Levels Down
Despite the trends for January and February 2024 in which prices seemed to stabilize, the sales price of Bend homes rose unexpectedly in March. The year over year figure shows both median and average Bend home prices were up over 12% and inventory levels were down. When coupled with the steep rise in prices, affordability remains a major problem for potential Bend home buyers.
When March 2024 is compared with March 2023 for Bend single family homes on less than an acre, the following trends are noted:
- Average sales price up 12% to $893,967*
- Median sales price up 13.2% to $760,000
- Average list price up 9....
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Why Overpricing Your Bend Home Can Cost You
If you're trying to sell your Bend Oregon house, you may be looking at this spring season as the sweet spot – and you're not wrong. We're still in a seller's market because there are so few Bend homes for sale right now. And historically, this is the time of year when more buyers move, and competition ticks up. That makes this an exciting time to put up that for sale sign.
But while conditions are great for sellers like you, you'll still want to be strategic when it comes time to set...
29
What Are Experts Saying About the Spring Housing Market?
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...
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What's Up with Mortgage Interest Rates?
Recent headlines may leave you wondering what's next for mortgage rates. Maybe you'd previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn't directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn't happen — at least, not yet.
There are a lot of factors the Fed considered in their recent decision and most of them are complex. But you don't need to be bogged down by those finer details. What you really want is the answer to this question...
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Bend Premier Real Estate | March 2024 Newsletter
What's in the March, 2024 Bend Premier Real Estate Newsletter?
- High Mortgage Rates and Prices Affecting Bend Home Sales
- Bright Spring Salad
- Spring Home Maintenance Checklist
- Spring in Central Oregon?
- The First Step: Getting Pre-Approved for a Mortgage
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