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The July Update

We hope you had a wonderful 4th of July weekend! The weather is heating up in Bend along with homebuyer activity. We typically see a slowdown in real estate activity in June with an increase in activity in July & August. Then once people get into back to school mode it typically levels off again. If you are thinking of selling your home, you may want to capitalize on these busy summer months. Central Oregon draws a lot of visitors in the summer who fall in love with the area and want to move here. Hesitant about buying a home? Yes, interest rates are high, but right now you have the power to negotiate like never before. Buyers are able to ask for favorable terms or take advantage of seller credits to buy down their interest rate. There is also less competition. Buyers have time to think about their decision. When the market becomes competitive again buyers will have to make rushed home buying decisions. If you have questions about the real estate market in Central Oregon, we are here to help and would love to meet with you or have a conversation!


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