With interest rates staying stubbornly high for longer than we initially anticipated, prices are pretty flat in the Bend area. No big swing in either direction. Sellers are still getting 99% of their asking price while buyers are asking for more inspection repairs rather than lowballing which could drive prices downward. There is a tentative prediction that we may see some rate relief in May which could set us up for a great summer season of buying and selling. Buyers seem to have gotten used to the rates with the knowledge that they will eventually refinance.
With three in escrow right now I feel pretty optimistic about the rest of the year. The "pandemic effect" is wearing off and life changes are inspiring people to make moves, in spite of interest rates. I'm looking forward to helping some folks do just that!
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