Bend, Oregon Real Estate Market

The Bend, Oregon real estate market has been on the rise in the last 90 days. The median home price has increased by 7.7% to $565,000. The number of homes sold has also increased by 33.5% compared to the same period last year. The inventory level is still low with only 369 active listings in the market.

The surge in buyers can be attributed to the low interest rates, the lifestyle that Bend offers, and the limited supply of homes in the market. The competition among buyers has intensified, resulting in bidding wars for desirable properties. The average days on market for homes in Bend is 41 days, which is 14 days less than last year.

For buyers interested in purchasing a home in Bend, it is crucial to work with a knowledgeable real estate agent who knows the market inside out. A buyer’s agent can help navigate the competitive market, negotiate on behalf of the buyer, and find properties that meet their needs.

In conclusion, the Bend, Oregon real estate market is thriving, with a significant increase in home prices and the number of homes sold in the last 90 days. For buyers interested in purchasing a home, it is essential to work with a qualified real estate agent who can help navigate the market and find the perfect property. As the market continues to grow, it’s an excellent time to consider investing in Bend real estate.