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June
6

Bend Oregon Real Estate | May 2023 Trends

June 6th, 2023 by Bend Premier Real Estate

Bend Single Family Home Sales Figures Remain Mixed

The May 2023 Bend real estate sales have been published and reflect a market in transition. Inventory levels are growing, but a strong seller's market remains. High mortgage interest rates continue to impact buyer's purchasing power and while average home prices are down slightly, they are not at a level that would significantly affect most Bend home buyers. As we enter our summer peak selling season, the question on how mortgage rates and inventory levels will reflect in 2023 home sales will be answered.

When May 2023 Bend single family home sales on less than an acre are compared with those from May of 2022, the following changes can be noted:

Average sales price down 3.1% to $861,432
Median sales price up .8% to $746,250
New listings down 26.7% to 222
Homes for sale down 21.1% to 265
Pending sales down 21.8% to 172

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Categories: Bend Oregon Real Estate Trends