Posts with tag 'Bend buyers market'

Fall can be an interesting time to buy a home in Bend.

The summer rush starts to slow down, some homes have been on the market longer than sellers expected, and buyers may begin seeing more price reductions. At the same time, fewer new listings can come on the market as we move closer to winter.

Does that make fall a good time to buy?

Maybe—but I think there's a better question to ask:

Do the current market conditions create an opportunity that makes sense for you?

After 20 years in Bend real estate, I've learned that trying to label a market as simply "good" or "bad" usually isn't very helpful. The better approach is to understand what's happening, look carefully at the individual property, and decide whether the numbers and timing fit your situation.

If you're thinking about buying a home in Bend, Oregon this fa...

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For the past few years, it seemed like sellers held all the cards. Homes often received multiple offers within days, buyers waived contingencies, and negotiations were almost nonexistent. Today, the conversation is changing.

One of the questions I hear most often is:

"Is Bend becoming a buyer's market?"

The short answer is it's moving in that direction—but we're not completely there yet.

Like most things in real estate, the answer depends on price range, neighborhood, and property condition. Here's what I'm seeing across the Bend market.

Inventory Is Giving Buyers More Choices

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When most buyers start looking at homes in Bend, they focus on one number:

The purchase price.

That makes sense—but it's rarely the full picture.

Over the years, I've seen buyers stretch financially for the "perfect" home, only to realize later that the monthly ownership costs were much higher than expected. And in Central Oregon, those costs can vary quite a bit depending on location, property type, and how the home is set up.

That's why I always encourage buyers to look beyond the mortgage payment and evaluate the full cost of ownership before making a decision.

Because two homes with the same price can feel very different financially once the real monthly costs kick in.

Property Taxes...

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