Bend Oregon home sales continued to increase in May 2013, even as home inventories continued to fall.

The sales of homes in Bend Oregon increased by over 40% as close to 300 homes were sold and this is a 9% increase from last year.

A Nationwide Trend

Home sales in Bend have followed a national trend as the sale of Real Estate has increased in almost every major metro area across the United States thanks to mortgage interest rates that are still historically low and more qualified home buyers in Bend and across the United States than ever before.

Across the United States sales of existing homes or completed transactions increased from 4.97 million homes in April to 5.18 million homes in the month of May; this pace is expected to continue throughout the rest of 2013 and into 2014 as mortgage interest rates are expected to still remain low, making homeownership within the reach of more homebuyers in Bend and across the United States.

Foreclosures and Short Sales Remain Steady

As of May 2013, the sale of foreclosures and short sales in Bend and across the United States accounted for 18 % of total sales of Real Estate, this number remained unchanged from the month of April but the good news is that there are fewer underwater homeowners across the United States compared to the year before thanks to rising home values and low mortgage interest rates.

If you’re thinking about buying a home in Bend Oregon or anywhere in the United States, don’t wait, hire an experienced Realtor who has real experience helping buyers and sellers in your area since the Realtor that you hire, just like a lawyer, will be one of the most important people that you hire in your life since a Real Estate transaction can represent $500,000 or more.

To learn more about the latest nationwide Real Estate statistics, or to view the latest Bend Oregon homes for sale, contact me today by calling (541) 383-1426.