The Tides Have Turned
Our market has shifted in Central Oregon... Homes are selling fast and there isn't much inventory. Those not searching for a home don't realize this. But for those searching for a home, you've probably had experience with multiple offers, homes going Pending Sale within days, and competing with all cash offers. I just wrote an offer for a buyer on a home in Redmond. The buyer went $5,500 over the asking price ($105,000) and still didn't get the home. They received 6 offers within a few days. This is the new normal in our market.
Bend market review
Includes all stick built residential single family homes in Bend on the Central Oregon MLS, excluding townhomes, condos, and manufactured homes.