Sales of newly constructed homes rose 7.6% according to the U.S. Department of Commerce. This is the highest level in more than two years. There have been 114 new homes sold in Bend, Oregon within the last 12 months. Here's a LINK to new homes currently for sale in Bend.
Nationally, there were 369,000 new homes sold last month. That is 19.8 percent more than the same month last year. Of course that's still far below new homes sales in the boom years.
Home sales in Bend are picking up but there are still lots of buyers waiting in the wings. Our last two listings that are still in escrow pending closing had multiple offers and sold for more than full price. Homes that are priced right are selling quickly.
In the past few years you could always buy a used home for less than you could buy a new one or have it built. That's changing now which is another sign that our Bend Oregon Real Estate market is probably bottoming out this summer.
If you are looking to buy or sell a home in Bend contact us. We are a family owned business selling homes in Bend for over 3 decades.
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