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Central Oregon Market Report - July 27, 2022


New Listing - Pick of the week! 63065 Campion Place - Bend Very rare find in a Bend subdivision. Amazing home on almost a half acre with a fully fenced landscaped park like setting. Couple that with an extra garage and full size RV parking which also has room for a boat and camper and you have everything your family needs for a fantastic primary home or family retreat.


 


Inventory continues to fill in and Buyer demand seems to be staying stagnant. I've noticed that average active home prices have continued pricing with an upswing, while average median/sold listings are showing a decrease in price. Basically we are seeing the market round off while seller perception continues to chase the tail end of a boom. With a huge inflow of new inventory and less demand, it is very important to price and market your property according to the current market and the trends of today or else you risk chasing the price down over time. Homes are still selling and people are still moving everyday, it just takes a very proactive approach to make it a win-win for both sides. This weekend I received multiple offers on one of my listings after 30 days on market... It takes patience and knowing the market to make it happen right now. -Greg


Mortgage Rate Updates




A Window of Opportunity for Homebuyers The market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. Is this a good time to hop in? Full Article


June 2022 Housing Market Statistics: Interactive Map of Every ZIP Code in the U.S. Full Article

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