Are home prices dropping in Bend Oregon?
Home values in Bend, Oregon appreciated 26% in 2021, significantly higher than the national average of 18%. From there, valuations appreciated an incredible 22% further, hitting a peak median sale price of $787,500 in February of 2022. At that point, Bend had just 0.55 months of residential inventory, a record low.
Is Bend Oregon a hot real estate market?
What is the housing market like in Bend today? In August 2022, Bend home prices were up 10.5% compared to last year, selling for a median price of $718K. On average, homes in Bend sell after 20 days on the market compared to 10 days last year.
Will home prices drop in 2022 Seattle?
The median asking price for a home in King County was $899K in September 2022, which is an increase of 20.6 percent year over year. The median sale price was 810K. If the Median Listing Price is increasing, the market is likely “hot,” and homes will sell more quickly. When prices increase, sellers will benefit.