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CENTRAL OREGON MARKET REPORT - JUNE 12, 2024

Updated: Jun 21

Coming Soon!

21093 Gardenia Avenue

Bend, OR 🏡 97702 - $675,000

I've got this charming spot coming on the market this Friday!

Large, nearly half-acre lot with beautiful landscaping and irrigation rights. This property also features RV parking with electric and sewer hookups, and a bonus loft space perfect for an extra bedroom, office, or activity space. Recently converted to city sewer, this home ensures future convenience. Schedule a viewing today!

541.525.9955

 
 

I just got back from a top 100 agent mastermind for all top realtors here in the Bend market and it was eye opening to review market trends together and openly discuss what our day to day conversations are sounding like with clients. A few themes I walked away with were these... First off, the market has been weird. There's so many factors pulling it in different directions, that it's been increasingly difficult to gauge and read for both realtors and consumers. There has been a slow separation between listing inventory and prices of new inventory (seller motivation and expectations) and the eventual number of pending transactions and closed sales price (Buyer motivation + what the market is giving as feedback). The overall average days on market for our three county area in Central Oregon has slowly crept up over the past two years from 13 days to 50 days. The month of May showed things slowing down a bit, but I feel June will pick up again. Seasonality is less typical from what we usually see and the market overall is much more dynamic than we are used to. Right now, I find consumers need more guidance than ever. If you are considering a sale or purchase, or maybe you just want to chat things over, please do reach out so that I can give you some insight!  - 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!

 

Worried About Home Maintenance Costs? Consider This

Worried about the rising costs of home maintenance? Discover practical tips to manage expenses and keep your home in top shape.


 

Market Snapshot


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