Bend, Oregon Market Update - Spring 2017

It's no secret, Central Oregon is a popular vacation destination. But did you know that Bend was ranked as the third fastest growing city in America? With continued job growth, beautiful summers, sunny winters, and all the craft beer you can drink, it's no wonder Central Oregon continues to grow. Love it or hate it, it's happening. 

So what does this mean for home prices? See the chart below:

If you're a home buyer, it's still a good time to purchase a home. Interest rates have remained steady in 2017, which allows for more overall buying power. For homeowners who purchased their home 3+ years ago and are looking to sell, it's a strong year to do so and move up to a larger home. You not only have equity in your current home, but will have an opportunity to purchase your new home with an overall low interest rate.