Bend OR Real Estate - 2022 Trends and 2023 Predictions
By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Pending Bend Home Sales Significantly Down in 2022 When we study Bend real estate sales in 2022, we can state with confidence that the first six months were very different that the second half of the year. The first half of the year was a continuation of what was seen in 2021, with Bend single family home sales greatly impacted by lack of inventory and relatively low interest rates. It was an extremely strong sellers' market with multiple offers and contingency waivers a normal occurrence. However, the second half of the year was highly influenced by rising mortgage interest rates with these more than doubling in just a few months - something that had never happened before in the country's history. The high mortgage rates changed the buying power of potential Bend homebuyers, and the...
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