Posts with tag 'Mortgage'

Its All About Price for Bend Home Sellers

In a transitioning real estate market where home buyers all of a sudden have many choices, it comes down to asking price in whether or not home sellers have showings, much less offers. For Bend home sellers who experienced multiple offers with less than a month of supply (sometimes less than two weeks) pushing home prices upwards during the Covid Pandemic, this change to the Bend real estate market can be challenging; adjusting to a more balanced market can lead to frustration and disappointment, but for sellers who are willing to revise their asking price based on

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Is Bend Moving Into a Balanced Market?

The May data has been published and for those who are familiar with Bend Oregon real estate trends, the increase in the numbers of active listings is significant. May traditionally has been a month with a surge in new listings with sellers getting ready for the peak summer selling season. However, in May 2025 there was a huge 42% increase in active inventory year over year. With these numbers, Bend is now trending close to a balanced market with months of supply approaching 5 months.

When May 2025 is compared with May 2024, the following changes can be noted for Bend single family home sales on less than an acre:

• Median sales price up 2.6% to $774,250*
• Original median listing price up 4.7% to $874,000
• New listings up 3.6% to 285
• Homes for sale up 41.9% to 6...

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A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here's the thing: those rates were never meant to last. They were a short-term response to a very specific moment in time. And as the market finds its footing again, it's time to reset expectations.

Back in 2020 and 2021, 3% mortgage rates gave buyers a serious boost: more affordability, more buying power, and more opportunity. But those rates were a result of emergency economic policies during the height of a global pandemic. Now that the economy is in a different place, we're seeing mortgage rates in the high 6% to low 7% range.

And while experts currently project a slight easing in the months ahead, most industry leaders agree: rates are not going back to 3%.

Instead, many forecasts suggest mortgage rates will...

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What's in the March 2025 Bend Premier Newsletter?

• Bend Home Inventory Up With Closings Down
• Dutch Baby Pancake
• Outdoor Furniture Revival: How to Clean, Restore and Prep for Patio Season
• Alder Springs Hike in Central Oregon
• You Finally Have More Options for Your Move

Bend Real Estate Inventory is Way Up

The real estate trends for Bend single family homes are reflecting a changing market. Sales are dependent upon a mortgage interest rate that works for the majority of home buyers, but also upon available homes from which to choose. February 2025 saw a shift in both categories with a large increase in home inventory as well as a more moderate reduction in mortgage interest rates. Buyers are finding many more homes on the market that may meet their search criteria. Sellers are finding that in order to make their home stand ou...

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