Whatever metric you want to use, the numbers paint a pretty clear picture of the Bend, Oregon, real estate market: There is not enough supply of homes to meet buyers’ demand. Not nearly enough. Speaking of August’s sales figures in general terms, lots of homes were sold. But not so many homes came onto the
The median price of a home blew past the $500,000 barrier amid a record-setting low inventory.
A record-low inventory of homes for sale and a year-to-date high in the median sales price characterized the Bend, Oregon, real estate market in June as things continued to kick back into gear. What’s more, the month ended with the most pending sales on record, promising that July will continue the momentum. The median sales
May ended with 285 pending home sales in the Bend, Oregon, real estate market – the most in one month in nearly four years – as the reopening of the region from the coronavirus shutdown was reflected in more real estate activity. The 285 pending sales at the end of May was more than twice
Fewer homes than usual were sold in April, but prices remained steady – virtually unchanged from April 2019
The coronavirus pandemic didn’t appear to adversely affect home sales in March in the Bend, Oregon, real estate market in the aggregate. Week-to-week data, however, indicates that COVID-19 did have an impact on the volume of activity. There were 187 closed sales in March. For that month, that’s strong. It’s more than in any other
That Bend, Oregon, has a housing shortage seems to be an accepted fact. A largely ignored aspect of the housing situation in Bend, though, is that there is increasingly a relative shortage of homes for sale. In February, for the fifth month in a row, there were fewer active listings in the Bend, Oregon, real
Amid a trend of increasing housing prices, angst about an impending plunge in values might seem understandable. With each record that is set for the median sales price in the Bend, Oregon, real estate market – and there were four such records in 2019 – a corresponding sense of, “There’s only one way to go
Even as Bend’s population grows, as Deschutes County experiences the highest net in-migration of any county in Oregon, the volume of real estate transactions in 2019 was fewer than in the year before. In what appears to be a classic supply-and-demand story, the price of homes in the Bend, Oregon, increased again in 2019 amid
Given the relative scarcity of homes on the market, the volume of sales in January 2020 – 135 homes closed – shows the strength of the demand on the part of buyers.
1033 NW Newport Ave.
Bend, OR 97703
