The Bend Bulletin recently published an article talking about the state of single family home prices in Bend, Oregon. According to the article, “the average price of a single-family home in Bend stabilized in recent months after rising significantly.”
Why have prices stabilized? Well, it’s because “there’s more houses for sale now, and also because of the pandemic.” More houses for sale means more options for buyers, which keeps prices from going up too much. The article adds that “the pandemic has made some people unsure about buying big things like houses, so that’s helped keep prices from going up too fast too.”
As a real estate broker in Bend, this news about the stabilization of single family home prices is definitely something we’ve been keeping an eye on. The increase in housing inventory is great for our clients, as it gives them more options to choose from. And the fact that prices have stabilized instead of continuing to climb is a positive sign for the overall health of the market.
We think this stabilize of prices presents a good opportunity for our clients looking to buy or sell a home. With a balanced market, it’s a good time for buyers to make a move without feeling like they’re getting into a bidding war. Also, as mentioned in the article, “the stabilization of prices means they [sellers] can feel confident about the value of their home.”
Overall, the article supports that the housing market in Bend is in a good place. Prices staying the same means there’s a balance between what people are selling houses for and what people are willing to pay. And the fact that prices haven’t gone down a lot because of the pandemic is a good sign that the market is “stable even in tough times,” as the article states.
If you’re interested in what’s going on with Bend real estate, we encourage you to read the article at: https://www.bendbulletin.com/business/single-family-home-prices-stabilize-in-bend/article_3328f48c-a66f-11ed-8f4b-c311d698c590.html?utm_source=newsletter&utm_campaign=daily-headlines&utm_medium=email&utm_content=read%20more