Inventory remains scarce in Bend market

In September, for the fourth month in a row, the median sales price of a home in Bend, Oregon, rose, reaching an all-time high of $549,900. The sales figure continues a run that began roughly when the state emerged from stay-at-home orders imposed to combat the COVID-19 pandemic. In the last five months, the median

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Demand continues to outpace supply

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

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Median price rises as inventory shrinks

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

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Signs point to an increase in market activity

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

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Activity falls as demand remains high

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

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Listings remain scarce, prices go up

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

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