Posts with tag 'bidding war'
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Mortgage Rates Drop to Low 6%: What Bend Buyers Need to Know Right Now
The phone calls started coming in last week. Buyers who'd been sitting on the sidelines since rates climbed above 7% suddenly wanted to talk numbers again. The reason? Mortgage rates have fallen to their lowest point in over a year, hovering just above 6% for qualified borrowers.
For Bend's real estate market, this shift changes the equation in ways that go beyond simple monthly payment calculations. The question isn't whether lower rates matter—they do. The question is what smart buyers should do about it right now.
The Monthly Payment Reality
A half-point drop in interest rates might not sound dramatic until you run the numbers on Bend's median home price. On a $650,000 purchase with 20% down, the difference between a 6.5% rate and a...
5
Should You Sell Before the Holidays or Wait Until Next Year?
As the holidays approach, many Bend homeowners find themselves asking the same question: Should I list my home now or wait until after the New Year?
The truth is, there's no one-size-fits-all answer—but there are compelling reasons to consider making your move before the year ends.
Why Selling Before the Holidays Can Work in Your Favor
- Motivated Buyers Are Still Looking
Not everyone slows down for the season. Many buyers in Bend are relocating for work, making year-end moves to take advantage of tax benefits, or finally finding time to focus on their home search during the holidays. These buyers are serious—and they're often ready to make strong offers. - Less Competition Means More Attention
Inventory in
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Why Some Homes Sell Quickly – and Others Don't Sell at All
A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market. Listings are up almost 20% from this time last year. And in some areas, supply is even back to levels we last saw in 2017–2019. For sellers, that means one thing:
Your house needs to stand out and grab attention from day one.
That's especially true when you consider why the number of homes for sale is up. Here's how it works. Available inventory is a mix of:
- Active Listings: homes that have been sitting on the market, but haven't sold yet
- New Listings: homes that were just put on the market
Data from Realtor.com shows most of the inventory growth lately is actually from active listings that are staying on the marke...
8
Bend Premier Real Estate | October 2025 Newsletter
What's in the October 2025 Bend Premier Newsletter?
- Lower Mortgage Rates are Making a Difference
- Pumpkin Pancakes
- Get Spooky While Saving: Budget-Friendly Halloween Decor Ideas
- Carl Lake is a Little Known Hike
- 3 Advantages of Buying a Newly Built Home Today
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Bend Oregon Real Estate | September 2025 Trends
Lower Mortgage Interest Rates Are Making a Difference for Bend Home Sales
For many Bend real estate brokers, the first half of 2025 had mixed sales results. Home prices moderated, and inventory levels increased. With more homes on the market, buyers had more choices. However, high mortgage interest rates kept many would-be home buyers off the market. Home sales proceeded through the summer at a relatively lower pace than was typical for Central Oregon.
However, the market changed in September. In the beginning of September, mortgage rates dropped below 6.5%. This coupled with more motivation from
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