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CENTRAL OREGON MARKET REPORT - JULY 3, 2024

 
 

Now Active On The Market!

21520 Powderhorn Drive

Bend, OR 🏡 97701 - $1,500,000

*Professional pictures coming soon*

541.525.9955

 

Our local market is showing some interesting dynamics this season. The number of new listings coming up, has finally slowed down a bit after a huge seasonal influx. This coupled with slower buyer demand, has created a sense of saturation throughout Central Oregon. The number of pending properties and sales remains steady, echoing last year's trends (which weren't all that great). There is just so much to choose from now that the sales activity is not keeping up with the number of homes available. This scenario creates a favorable environment for buyers, who now have more leverage, while sellers need to be more strategic with their listings and exercise greater patience. The market is seeing a mix of activity in different price points and average days on the market varying significantly depending on the property type and location. This combination of factors suggests a dynamic and competitive market where both buyers and sellers need to stay informed and adaptable. If you're curious where you stand in today's market. Shoot me a message! - Greg

 

What's new with Mortgage Rates?

This is a scenario for top tier borrowers with 20% down and great credit. These rates could be improved by using seller credits! Unsure what that means? Shoot me a message!

 

Homebuilders Aren’t Overbuilding, They’re Catching Up

Curious about the housing market's current pace? Learn why homebuilders aren't overbuilding—they're simply catching up to meet the growing demand.


 

Market Snapshot


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