Bend Oregon July Market Trends

Here is the market trend report for July, I am a little tardy in posting this.

As one might expect the months of inventory on homes under $425,000 has increased as summer has attracted more sellers to the market. The inventory for homes in the price categories above $425,000 have actually dropped slightly.

The current list price to sales price ratio has remained in the high ninety percent range. The difference between original list price to sales price continues to shrink and is now at eighty eight percent. This is an indicator of how the smoking deals are disappearing from our market and that sellers have adjusted their pricing expectations.     

Our market continues to see investors that have been bolstered by Bloomberg's Businessweek report that Bend is number two on a list of the fastest recovering markets by 2014. Zillow's report that Bend is leading the nation in home value depreciation has many thinking that Bend is still ripe with opportunity. As the original list price to sale price ratio shows those bargins are starting to disappear.