June sales figures for the Bend, Oregon, real estate market provided seemingly conflicting signals. The median sales price fell from May’s all-time high of $466,000 to $445,050. June’s median price was less also than that of the previous June. Not by much – 0.98 percent, or $4,400 – but that reversal of direction in the
Days on the market are down, median price is up. Yes, the sales statistics from May emphasize the continued desirability of the NorthWest Crossing neighborhood of Bend. The average days on market for a NorthWest Crossing home sold in May was 61 days. That is the third-shortest time on record for that statistic (taking into
After a few months of relatively tepid activity in the Bend, Oregon, real estate market, things ramped up to a considerable degree in May. The number of homes new to the market was a high for any month in our data set, and the median sales price broke the record established one month prior. Four
Practically every profession nowadays has its detractors. It’s not hard to find articles from current or former “experts” in a particular field who profess to expose the inner workings of a line of work, all so the reader will feel more informed and empowered. An article titled “Top Lies Real Estate Agents Tell Home Sellers
The fundamental theme of Economics 101 – supply and demand – was evident in the Bend, Oregon, real estate market in April. The number of homes for sale was near a post-recession low, and the consistent push by buyers to be part of the Bend market continued apace, resulting in a record median sales price of
A considerable month-over-month increase in homes sold in March was accompanied by an increase in the median sales price, and those were only two of the data points providing evidence that the Bend, Oregon, real estate market remains attractive to buyers and in an overall robust state. The median sales price in March was $444,900.
The median sales price of a home in Bend, Oregon, declined in February from the previous month but still registered a 4.9 percent year-over-year increase. February’s median price was $430,000, 4.1 percent less than the $448,500 seen in January. History shows that a January-to-February decline isn’t unusual: It has happened in three of the last
Winter is often regarded as a soft season for home sales, but that wasn’t the case for the Bend, Oregon, real estate market in January. The month ended with a median sales price of $448,500. Here is some context about that sales price: • It’s the second-highest on record for any month in the Bend
Finding decent and reasonably priced rental housing in Bend can be a challenge. In 2017, the rental vacancy rate in Bend was 2.63 percent, compared with 6.18 percent for all of the United States. For anyone familiar with the law of supply and demand, a scarcity of rental units being accompanied by a relatively high
2018 ended with December showing a 7.9 percent year-over-year increase in the median sales price of a home in Bend, Oregon. The final month of the year was also characterized by continued signs of a housing market fueled by demand from prospective home buyers. December’s median sales price of $425,700 was 1.7 percent lower than
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Bend, OR 97703