And here it is, my last blog of 2023! Good news, there has been a recent improvement in mortgage rates, and the Fed recently announced that they expect to cut rates further next year. If you're considering buying a home in the New Year, it's a wise idea to connect with a lender. Being proactive now ensures you are prepared when the opportune moment arises. I collaborate with some exceptional lenders if you would like a recommendation!
One of the most common questions I get is "How is the market". I love this quick visual that shows what kind of market we are in (this is specific to Bend). Since our supply is low, we are technically in a Seller's market. As interest rates go down, we should see increased activity from both Sellers and Buyers.
What home decor trends are going out of style in 2024? Read here to find out! I love the coziness of boucle, so for me, it's here to stay.
Looking for a local homegood store in Bend for last-minute gifts? I love the timeless and natural style of Lark Mountain Modern in downtown Bend.
How is the Bend Real Estate Market?
November saw a slight decrease in the median sales price. The most noteworthy change this month is the number of days a home is on the market before going pending, which is 31- up from 17 the month prior. Inventory is low and steady, staying at a 2-month supply.
Wishing you and your family a joyful Holiday Season!