Practically every profession nowadays has its detractors. It’s not hard to find articles from current or former “experts” in a particular field who profess to expose the inner workings of a line of work, all so the reader will feel more informed and empowered. An article titled “Top Lies Real Estate Agents Tell Home Sellers
The fundamental theme of Economics 101 – supply and demand – was evident in the Bend, Oregon, real estate market in April. The number of homes for sale was near a post-recession low, and the consistent push by buyers to be part of the Bend market continued apace, resulting in a record median sales price of
A considerable month-over-month increase in homes sold in March was accompanied by an increase in the median sales price, and those were only two of the data points providing evidence that the Bend, Oregon, real estate market remains attractive to buyers and in an overall robust state. The median sales price in March was $444,900.
The median sales price of a home in Bend, Oregon, declined in February from the previous month but still registered a 4.9 percent year-over-year increase. February’s median price was $430,000, 4.1 percent less than the $448,500 seen in January. History shows that a January-to-February decline isn’t unusual: It has happened in three of the last
Finding decent and reasonably priced rental housing in Bend can be a challenge. In 2017, the rental vacancy rate in Bend was 2.63 percent, compared with 6.18 percent for all of the United States. For anyone familiar with the law of supply and demand, a scarcity of rental units being accompanied by a relatively high
2018 ended with December showing a 7.9 percent year-over-year increase in the median sales price of a home in Bend, Oregon. The final month of the year was also characterized by continued signs of a housing market fueled by demand from prospective home buyers. December’s median sales price of $425,700 was 1.7 percent lower than
Given the Bend, Oregon, real estate market – characterized by six consecutive months of a median sales price of at least $425,000, an inventory of homes for sale that tilts toward sellers, and an average sales price to list price that rarely dips below 99 percent – it might seem surprising that the housing market
Sales activity in the Bend, Oregon, residential real estate market slowed in November compared with the several months prior, but the demand for homes in the area still produced a very slight increase in the median sales price from the previous month. November’s median price of $433,133 was $233 – or 0.05 percent – more
For only the second time in the last 11-plus years, the median price of a home in Bend, Oregon, has declined for three months in a row. September’s median price was $425,000, a drop from June’s $449,450, which stands as the highest for any month dating to the start of 2007. Deciphering September’s sales data
When home prices in Bend, Oregon, approach or exceed the prices seen before the housing market imploded a decade ago, a common reaction seems to be skepticism or concern, a sense of foreboding that another steep drop in the housing market must be imminent. Such a mindset is probably understandable. The market crash and subsequent
1033 NW Newport Ave.
Bend, OR 97703