Now Is The Best Time To Sell Your Bend Home

An incredible recovery in 2020 has been made in the housing market and this 2021, is now positioned for an even stronger year. Thanks to record-low mortgage interest rates – they are a driving factor in this continued impetus, with average rates hovering at historic all-time lows. With buyer demands still coming out strong, now is the best time to sell your bend home.

Buyer demand across the country is incredibly strong

According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand remains very strong. That is contrary to the housing market inventory. Seller traffic is simply not keeping up. Here’s a breakdown:

With so few homes for sale right now, record-low inventory is creating an inconsistency between supply and demand.

According to NAR, the actual number of homes currently for sale is down 22% from one year ago (1.64 million).

What must Bend home buyers and sellers do?

Buyers might need to be more patient when it comes to purchasing their desired homes. Also, they must be ready to act right away once they find the right home since bidding wars are more common when so few houses are available in the market.

Sellers may not want to wait in putting their homes for sale. With such high buyer demand and low supply, now is the best time to sell your bend home.

Bottom Line

The Bend real estate market is still crazy. Buyers’ demands are still high and there is a consistent low inventory of homes for sale in the market. Having said that, putting your home for sale today will get it sold for less than a month, or maybe a week!

If you’re on the fence of buying or selling your Bend home, let’s connect today!