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Central Oregon Market Report - June 15, 2022

New Listing! 23900 Skywagon Drive - Bend 10 acre Mtn view property with extensive updates completed in the last year & only 10 minutes to Costco. Features a 2,410 sf, 5 bd home, 300 sf detached studio, 2,160 sf shop, 800 sf covered storage, detached 2 car garage w/440 amp svc. Property is fenced & X fenced with 2 ponds & 3.5 acres COID irrigation that is newly 100% underground.


This June has shown a quick shift to the market so far. Month over month statistics show Bend median sales price dropping off $30k and it feels like seasonal inventory is starting to fill in quickly. In most part, this is a reaction to the steep increase in interest rates. Inflation and tightening policy are the main factors that drive this and it's hard to predict what will be in store for the coming months. I would conservatively bet on them rising throughout the year, but also keep in mind that there could be times to refinance in the future. This has been a double edged sword for Buyers as they wait for prices to come down, but at the same time their buying power decreases the longer they hold off. We are entering into a re-balancing period that has been much need since the pandemic boom and depending on how you approach it, there can always be great opportunities during times like these. You just need to know what you're looking for!



Is the boom over? Is the market crashing or correcting? Here’s what you need to know. Comparing sales data to see where our market is currently at and where we are going. Full Article

Rent in America is rising rapidly, becoming unaffordable for younger households The number of people — particularly younger Americans — looking for their own apartments is squeezing an already tight housing market. Full Article

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