Posts with tag 'Wood River Village'
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Bend Oregon Real Estate | August 2025 Trends
Its a Mixed Market for Bend Home Sales
August is usually a month where home buyers with young children close their purchases and get settled before school starts. It is also a month in which sellers who didn't sell their properties during the peak summer selling season consider their next options. Often, for those who really need to sell, lowering the asking price can be the answer. For others, taking their property off the market may make more sense. However, in 2025, the August Bend home sales reflected a mixed market with prices up, closings up, inventory up and days on market up.
When August 2025 is compared with August 2024, th...
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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.Â
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...
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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...
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Bend Oregon Real Estate | July 2025 Trends
It is Taking Longer to Sell Bend Homes
Summer is traditionally the peak selling season for Central Oregon homes. For home buyers looking to buy a Bend home before school starts, July is usually the month when many purchases happen, with August the month for closing these sales and new owners moving into their new homes. While July 2025 has followed these trends to a certain extent, the change in the market with high mortgage interest rates limiting buying power, it has become a price driven market with sellers recognizing that if they really need to sell, the asking price has to match today's market and not that of previous years. July 2025 also saw a mar...
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Bend Oregon Real Estate | June 2025 Trends
Its All About Price for Bend Home Sellers
In a transitioning real estate market where home buyers all of a sudden have many choices, it comes down to asking price in whether or not home sellers have showings, much less offers. For Bend home sellers who experienced multiple offers with less than a month of supply (sometimes less than two weeks) pushing home prices upwards during the Covid Pandemic, this change to the Bend real estate market can be challenging; adjusting to a more balanced market can lead to frustration and disappointment, but for sellers who are willing to revise their asking price based on
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