Curious if you can score a deal on your Bend home? Understanding the pace at which homes are selling and price trends can empower your negotiation strategy.
Last month in Bend, homes on average were selling for 98% of their list price. So just under the asking price. This is similar to last year, but much different from what we saw in prior years when homes were selling above list price. For example, in March of 2022, homes were selling for 103% of their list price. Now when you’re looking at this stat, you need to keep in mind that it has a lot to do with the strategy a seller uses when they’re listing their property. Not long ago Sellers underpriced their homes to entice bidding wars.
Knowing the pace at which homes are selling and price trends can empower your negotiation strategy. The bottom line is yes, there are opportunities to negotiate prices in our current market. For other popular real estate related Q & A’s, check out my YouTube channel, my website, or my social media platforms.
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