Bend Real Estate Update: Buyers Still In Frenzy Mode!

by www-541homesales-com

Today’s buyers are actively searching for homes and they’re purchasing them at a record-breaking pace. With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates.

Buying activity slowed due to the pandemic but has significantly rebounded since June. The pace with which other buyers are willing to make offers, and a desire to lock in record-low interest rates are driving the buyer demand. Growth in housing demand, asking prices, and sales have all recovered in the past two months, but new listings remain the missing link. After a temporary boost in the new listing in mid-August, the growth of new listings again has dropped again.

The buyers are crazy in bidding wars, thus giving the upper hand to home seller’s – resulting to listings being sold at the highest listing price offered.

Bottom Line

Having said this, listing your home now is the best time to do it. With the high buyer demand, there is a big possibility that your home could be sold in less than a month!

Let’s connect today to start your home selling journey with us. Call 541-306-3139 and look for Cody Tuma, our local expert real estate agent.

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Cody Tuma

Broker | License ID: 201218086

+1(541) 953-7784

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