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Central Oregon Market Report - June 29, 2022


New Listing! 67930 Cloverdale Road - Sisters OR Incredible views of the Cascades from this easy living, single level home. Conveniently located 15 minutes from Bend and 10 minutes from downtown Sisters. The primary bedroom includes a HUGE walk-in closet, while a junior suite includes an attached bathroom.The home also includes a separate dining and living room, breakfast nook, large office with custom wood shelving, a spacious laundry, as well as a bonus room above the three car garage, which includes epoxy floors and plenty of custom storage. Outside, enjoy the rest of your 2.72 acres of mature pine trees and well maintained grass areas. Relax by the gorgeous water feature often frequented by local wildlife! There is plenty of potential for a garden area, play structures, animals, etc.


 

The market has continued to swing back towards a bit more normalcy over the last week and the days of multiple offers seems to be dying down. Inventory is filling back in and buyers we be afforded a bit more leverage in this Summer's market. Expect prices to cool as borrowing becomes more expensive due to interest rates. In times of quick change, the market tends to freeze up and then reset. I think that over the next few months, we will continue to rebalance until we settle into a "normal" market the gives equal power to both buyer and seller. Words of advice for sellers: Be strategic with your sale, price correctly with a professional and know that you may need more patience with the process compared to previous months. Recent comparable sales will not be indicative of your market price anymore. If you need insight on today's market, feel free to reach out! -Greg


Mortgage Rate Updates




 

Homeownership Is a Great Hedge Against the Impact of Rising Inflation The best way to stabilize your monthly housing cost and invest in an asset that historically outperforms inflation. Full Article


The Possible Return to a Normal Market What will things look like as we move out of one of the hottest times in real estate history. Let's consider all of the contributing factors. Full Article

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