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Central Oregon Market Report - May 3, 2022


New listing highlight - 20405 SE White Pass Court Tucked away at the end of a cul-de-sac & set back off the street, this tastefully updated home with a 3 car garage sits on almost half an acre in the desirable gated community of Mountain High - known for large lots, green spaces, pool, tennis, pickleball/basketball courts, gazebo & sauna.


 

Weekly Update!

The market this past week in Bend has shown signs of softening. In general, homes are no longer selling first day on the market or receiving multiple offers over asking. Interest rates could have Buyers taking their foot off the gas or maybe we are just witnessing the calm before the storm. Personally, I believe that this is the beginning of a re-balancing period in the market. Appreciation has already slowed and hopefully inventory is primed to fill in over the next few months. Buyers will have to reanalyze their buying position and Sellers will have to be very in tune with what is happening in the market to stay competitive. Prices will stay steady for now, but this may be the last hoorah before things calm down. If you're on the fence about a move, let's chat and see if the timing is right for you. -Greg


 

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