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CENTRAL OREGON MARKET REPORT - AUGUST 16, 2023

Updated: May 14

65175 Swalley Road - Bend, OR 97703 

Secluded Tumalo riverfront retreat. Rare find offering unique character in the design and build. Stunning river canyon views, sounds of rushing water, mountain views and beautiful trees. Irrigated pasture and water rights on 4.89 acres, conveniently accessible to Bend or Redmond and everything else that our area offers. Call or message me now to take a tour - 541.525.9955

 
 

Recent headlines and news in Central Oregon are discussing our large uptick in avg prices after July statistics came out. I've had a few clients reach out in response and have also overheard discussions while I've been out and about shopping. Do keep in mind that radio hosts and journalists don't usually have the whole picture or same amount of insight as a real estate professional; As mentioned last week, we have seen a large increase in higher priced and $1mill+ homes selling, while there has been less volume in lower price points. This will skew the numbers a bit and the situation is most likely due to the average home owner in Bend not wanting to trade out their interest rate.. Sales have dropped off a bit, which seems a bit early for the seasonal swing. Homes are still selling, but now taking a little longer to move. Those with large equity or ability to pay cash are winning in the buyer market right now. Sellers that are willing to read the market and be aggressive are still taking advantage of our current seller's market and starting their next chapters. Let me know what I can do to help! - Greg

 

Mortgage Rates Update

 

Equity Is a Game Changer for Homeowners Looking To Sell

If you’re a homeowner, you might be torn on whether or not to sell your house right now. Understanding your equity may be exactly what you need to help you feel more comfortable making your move.


The Housing Market is Stuck in Limbo

While we have yet to see what the means for the future of the real estate market, it’s possible that prices will stagnate but remain strong in the coming years.


 

Market Snapshot


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