Could Bend’s urban growth boundary expansion be the key to more affordable housing? Discover how the city is partnering with developers to make it happen.
The Central OR market has continued to see a noticeable slowdown, as increased inventory tilts the scale of supply and demand. With more homes available, buyers now have more options, leading to longer listing times and more competitive pricing. This shift has created a more balanced market, moving away from the fast-paced and tight inventory environment seen in previous years. It has definitely taken some getting used to and continues to cause sellers some anxiety, while the days tick by and they are left wondering if their home will sell. This is happening across the board and just the reality of our market landscape right now.
If you need to make a move this season, it may take some aggressive price adjustments and top notch marketing to keep you as a top pick for Buyers out shopping. Both sellers and buyers are adjusting to these new dynamics, with properties taking longer to sell and price negotiations becoming more common. Take a look at the chart below to reference the increase in inventory we've seen in the past few months and give me a call if you'd like some guidance. - Greg
Market Snapshot
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