Posts with tag 'The Oxfored'
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8
Why 50% of Homes Are Selling for Under Asking and How To Avoid It
If your selling strategy still assumes you'll get multiple offers over asking, it's officially time for a reset. That frenzied seller's market is behind us. And here are the numbers to prove it.
From Frenzy to "Normal"
Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality.
But that isn't necessarily bad news, even if it feels like it. Here's why. The wild run-up over the last few years was never going to be sustainable. The housing market needed a reset, and data shows that's exactly what's happening right now.
The graph below uses data from Zillow to sh...
27
History Shows the Housing Market Always Recovers
Now that the market is slowing down, homeowners who haven't sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market.
And if you've made that same choice, you're probably frustrated things didn't go the way you wanted. It's hard when you feel like the market isn't working with you. But while slowdowns can be painful in the moment, history tells us they don't last forever.
History Repeats Itself: Proof from the Past
This isn't the first time the housing market has experienced a slowdown. Here are some other notable times when home sales dropped significantly:
- 1980s: When mortga...
4
Bend Oregon Real Estate | May 2025 Trends
Is Bend Moving Into a Balanced Market?
The May data has been published and for those who are familiar with Bend Oregon real estate trends, the increase in the numbers of active listings is significant. May traditionally has been a month with a surge in new listings with sellers getting ready for the peak summer selling season. However, in May 2025 there was a huge 42% increase in active inventory year over year. With these numbers, Bend is now trending close to a balanced market with months of supply approaching 5 months.
When May 2025 is compared with May 2024, the following changes can be noted for Bend single family home sales on less than an acre:
- Median sales price up 2.6% to $774,250*
- Original median listing price up 4.7% to $874,000
- New listings up 3.6% to 285
- Homes for sale up 41.9% to 6...
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