In this video, Zach Nutter and Ryan Rudoff, both licensed brokers with exp Realty in Oregon, provide insights into the current real estate market in Bend and Central Oregon. As we enter late February and approach the spring buying and selling season, they discuss what this means for potential buyers and sellers in the area. Typically, spring is when sellers prepare their homes for sale, and buyers gear up to make purchases after the holiday season. This seasonal trend leads to an increase in inventory on the market, reflecting a broader trend observed annually.

Despite fluctuations in interest rates and sales volume over the past few years, Bend's median home prices have remained relatively stable, indicating sustained demand and limited inventory. The current median home price is around $700,000, down from its peak of $800,000. However, the scarcity of available homes continues to drive prices up, albeit at a slower pace. Moreover, the inventory shortage has given sellers an advantage, with homes staying on the market for longer periods, offering buyers more time and options to consider.

Looking ahead, Nutter and Rudloff anticipate further price increases over the next 3 to 6 months, particularly as interest rates are expected to decrease. They highlight the advantages for buyers in the current market, including more options and less competition, despite higher interest rates. Additionally, they emphasize the lifestyle appeal of Bend, with its outdoor amenities and proximity to major cities, attracting a steady influx of newcomers.

The brokers encourage potential buyers and sellers to stay informed and proactive, as market dynamics can change rapidly. They emphasize the importance of understanding individual needs and circumstances when considering buying or selling a home in Bend or Central Oregon. Ultimately, they aim to provide valuable insights and support to viewers navigating the local real estate market.

Get in touch:

Zach Nutter 541-390-1695

Ryan Rudloff 541-350-3993

Licensed Brokers In Oregon

eXp Realty LLC

Equal Housing Opportunity