Bend, OR housing market

In Bend, the story this month is the gap between what sellers are asking and what the market is actually paying. The median list price is about seven hundred ninety-five thousand dollars, but the typical home value is around seven hundred fourteen thousand dollars, and values have slipped about 2.4 percent over the past year. That asking ambition is running into a wall of supply. There are roughly thirteen hundred homes for sale right now, and homes that do sell are taking fifty-seven days to go under contract. Nearly one in five active listings has already taken a price cut. Put it together and the message is clear. Buyers have room to be picky, and the sellers getting deals done are the ones who priced to the market from day one. If you are thinking about selling this summer, look at what homes are actually worth and how long listings are sitting, not at what the house down the street is asking. In Bend right now, the realistic price is the one that sells.