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2021 has come to a close and the Bend housing market has broken records when it comes to volume, price and inventory levels. The huge influx of residents moving to Bend which started with the 2020 Covid-19 pandemic continued in 2021. Bidding wars, multiple offers, and a general lack of inventory drove prices higher than they have ever been. Builders have not been able to keep up with the demand and the supply shortage of building materials has impacted the pace by which new homes can be completed.
When 2021 is compared with 2020, the sale of Bend single family homes on less than an acre show the following trends:
Bend homes prices are still rising, despite the seasonal slowdown that is experienced in 4th quarter. Demand is strong, but there is a significant reduction in inventory as is typical in the fall, especially once the holiday season begins. The median home price of a Bend single family home has broken a new record and is now pushing $700,000. More purchases this fall have involved loans as compared with the 2021 summer when cash buyers usually won in a multiple offer scenario. With fewer multiple offers, more buyers with loans are having their offers accepted. If the price of the home works for their budget, first time homeowners are now seeing their offers accepted.
When November of 2021 is compared with November of 2020, the following can be noted for Bend single family...

Bend Premier Real Estate is pleased to welcome back Maggie Wodehouse to the brokerage. Maggie Wodehouse was fortunate enough to be born and raised in Bend, Oregon. As a native to the area, she has a deep understanding and love for Central Oregon. She comes from a family of local entrepreneurs and felt that Bend was the perfect place to launch her real estate business. Licensed now for several years, Maggie has the expertise and experience to guide her clients through each step of the real estate process, both as buyers and sellers.
"I am excited to return to Bend Premier and look forward to working with the wonderful staff to build my business and connecting again with a great group of Brokers."
We are happy to have you back with us! Welcome back.
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