Mid-August Leading Indicators of the Bend Real Estate MarketActive Listings: May 10: 250 July 1: 486July 28th: 557August 16: 523 Average Days on Market: 18 Days Withdrawn
August 2022 Leading Indicators of the Bend, Oregon Real Estate Market from Pasinetti Group NW
Dated: August 23 2022
Mid-August Leading Indicators of the Bend Real Estate Market
May 10: 250
July 1: 486
July 28th: 557
August 16: 523
Average Days on Market: 18 Days
Withdrawn/Cancelled/Expired Listings are higher than we have seen in the last two years
Buyers: As a buyer in this market, you have more control than you did for the last two years. Sellers do not dictate everything in a transaction anymore. You now have the ability to choose a home you want, instead of settling. National Association of Realtors brought out a statistic that 70% of buyers since the pandemic started settled on the home they purchased due to the pressure to buy. Many people got in bad situations where terms favored the sellers too heavily. Now is a great time to buy if you are ready to make that decision.
Sellers: Is this a good time to sell? Yes! We are still in a seller's market. Should you expect 20 offers over the list price? No, the market is different. The frenzy we saw over the last 2 years was an anomaly. Markets change. and so do tactics of real estate. Please understand that the market is different and you can not look at the past and expect the same situations. That being said, if you are planning on selling, there are buyers for your property. Now more than ever properly pricing your home and marketing it properly will put you at the forefront of the market. What are your goals, truly understanding what you want will put you in the position of getting the terms you desire. Contingent offers are back and being accepted daily now. What does this mean? You can put your home on the market and go shopping! Contingencies allow you to be flexible.
Amanda Pasinetti began her career in corporate sales and management before moving on to spend several years in education. This combined experience of sales and education has provided her with the abil....