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Central Oregon Market Report - February 28, 2024




Pick of the Week

3054 NE Christina Lane - Bend - $529,000

Charming home reflects pride of ownership. Located in quiet, established neighborhood with large lot. Private and fully fenced backyard includes deck, hot tub, patio, water feature, garden beds and greenhouse! Home features all the important updates such as new roof in 2019, energy-efficient tankless water heater, natural gas forced-air heating & cooling. Also find remodeled kitchen & bathrooms and newer paint! Vaulted ceilings, large windows and solar tubes allow plenty of natural light all day. Possibility of parking RV or boat in side yard with double gate opening



 
 

This time of year is when we typically see the seasonal swing of the market change direction and start warming up a bit. This Spring you can expect to see more listings become available, but the big unknown right now is Buyer motivation. With rates holding strong and many could be purchasers sitting on the sidelines, we are seeing longer days on market and more negotiating needed to bring a win-win deal together. Another thing to point out is the lack of lateral moves we are seeing in mid-priced homes, as owners are hesitant to upgrade or downgrade if it means losing their low interest rate mortgage. We will see how things shake out this coming season and I'll be sure to keep you informed along the way. Feel free to reach out if you have any questions or know of anyone that I can help. - Greg


 

What's new with Mortgage Rates?

This is a scenerio for top tier borrowers with 30% down and great credit. These rates and better can also be seen for other borrowers by using seller credits!



 

Market Snapshot



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