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Mark’s Market Update – November

As we head into the season of gratitude I want to thank you for your referrals and for being a part of my community. Here is my perspective on what is going on in Bend, Oregon’s real estate market right now: Maintaining Realistic Expectations. In the current real estate market here in Bend, setting a competitive price for your property is paramount to facilitate a successful sale. It is imperative for sellers to discern accurate advice amidst the prevailing information overload. I encourage you to collaborate with a seasoned real estate professional who actively engages in local transactions on a daily basis. In this market, properties continue to find buyers; however, overpricing can have adverse consequences, potentially necessitating a subsequent reduction in the listing price, ultimately resulting in a sale price below the initial recommendation provided by your realtor. It is worth noting that the current market is characterized by elevated interest rates, well-informed and price-conscious buyers who are patient. I am here to help when you or someone you know is ready to talk about buying or selling real estate in Central Oregon. 

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