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CENTRAL OREGON MARKET REPORT - JUNE 5, 2024

Development in southeast Bend growing

Restaurants, offices, retail going up around SE Reed Market Road, 27th Street

 
 

It's a fantastic time to explore the real estate market in Bend, as the Summer season brings in a blend of pleasant weather and vibrant activity. There continues to be an infill of new listings and opportunities for ready Buyers and with the nice weather, it has been fun getting out on tours with clients to fully appreciate the area's natural surroundings. In the coming season there will be a wider selection of homes and more opportunities for sellers to showcase their properties. It may also be more competitive as there will be more competition. I am still seeing decent activity on all my listings, but they tend to be taking longer to go pending. This is mostly because there is still some hesitancy in the buyer market with rates, affordability and political/economic standpoints. Business continues on as usual for now and it will be interesting to see how things shake out once the full swing of Summer is upon us. Let me know if I can help you in anyway!   - 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!

 

What To Expect if You Buy or Sell a Home This June

Thinking about buying or selling a home this June? Here's what you need to know to navigate the current market successfully.


 

Market Snapshot


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