Bend Single Family Home Sales Figures Remain Mixed

The May 2023 Bend real estate sales have been published and reflect a market in transition. Inventory levels are growing, but a strong seller's market remains. High mortgage interest rates continue to impact buyer's purchasing power and while average home prices are down slightly, they are not at a level that would significantly affect most Bend home buyers. As we enter our summer peak selling season, the question on how mortgage rates and inventory levels will reflect in 2023 home sales will be answered.

When May 2023 Bend single family home sales on less than an acre are compared with those from May of 2022, the following changes can be noted:

• Average sales price down 3.1% to $861,432
• Median sales price up .8% to $746,250
• New listings down 26.7% to 222
• Homes for sale down 21.1% to 265
• Pending sales down 21.8% to 172

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Lavonne Broadbent Has Joined Bend Premier Real Estate

Lavonne enjoys working with people from all walks of life; she believes that is what makes her job interesting and gratifying! She listens to her clients and works hard to find them the best property that fits their needs, whether buying a new home or selling their existing home. Lavonne knows it isn't about the money, but rather it's about creating a positive experience, healthy relationships, stable community, and satisfied homeowners and clients for life!

After living in several different parts of the country, Lavonne has been through the buying and selling process numerous times and understand the challenges her clients face. In fact, she landed in Bend Oregon after all these years for a reason: the lifestyle and outdoor recreation…hiking, fishing, biking, kayaking, snowmobiling, camping and so many other things that improve the quality of life.

Lavonne's husband Mike, along with her, has a back...

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What's in the May 2023 Bend Premier Newsletter?

• Bend Home Sales Take a Downward Turn
• Rancher Butcher Chef
• Downsizing for the Win?
• 6 Books to Change Your Real Estate Perspective
• Reasons to Sell Your House in Today's Market

Bend Home Sales Take a Downward Turn

The Bend real estate market has been on a roller coaster over the past few years. The Covid-19 pandemic triggered a massive boom in Bend single family home sales, resulting in multiple offers, dramatic price increases, and limited inventory.  However, since the peak in home prices the summer of 2022, home prices and home sales have dropped, inventory levels, days on market and interest rates have risen while new homes hitting the market are significantly down.  Many Bend homebuyers cannot find property that meets their needs. While more homes are on the market, the numbers are still not at balanced levels with less than 2 months of inventory. If we throw into the mix the shifting mortgage interest rat...

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What's in the April 2023 Bend Premier Newsletter?

• Bend Market Trends - March 2023
• Sparkling Strawberry Mint Limeaid
• Staging Tips for Spring
• 6 Questions to Ask Your Agent Before Buying
  a Home
• The Key Advantage of Investing in a Home