August 2023 Bend Area Real Estate Market Stats

📢 Bend median home price dips $58,000 from July 2023 peak.

FUN FACT:

For the past 4 years, we've seen an interesting trend:

⬇️ Bend's August median home price DECLINES.

👉 File that one away when you're house hunting next year - August is the month to BUY!

Think about it: most sellers want to move before the school year starts.

That means they're motivated.

They want to sell, move, and get settled into their new place before Labor Day, giving buyers more leverage in August!

⬆️ August was also the highest number of sold homes in all of 2023.

⬆️ Homes lingered on the market for just over 2 weeks, giving buyers more time to decide and to NEGOTIATE lower prices.

💰Cash transactions are staying steady at nearly 30% of all Bend home sales.

And I have a PREDICTION for September based on historical data:

September median home price will INCREASE vs. August.

Did you know there are 3 great months to buy real estate in Bend and get a deal?

🙋 Contact us and we'll tell you when they are so we can get you Bend's best deal!