Fewer homes than usual were sold in April, but prices remained steady – virtually unchanged from April 2019
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1033 NW Newport Ave.
Bend, OR 97703
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.
Sellers tended to stand firm on the prices of their homes in the Bend, Oregon, real estate market in December, but the number of transactions recorded was above normal for that month. Of the 363 active listings in December, 33 had reduced prices. That 9 percent figure is the lowest reduced-to-active percentage in any month
Much like in the overall Bend, Oregon, real estate market, activity has slowed this calendar year in the NorthWest Crossing neighborhood, even as benchmark price points have increased and a record high price was paid in November for an NWX home. Through November, 90 homes had been sold in NorthWest Crossing, the master-planned community about
Relatively few homes were active on the Bend, Oregon, real estate market in November, resulting in a fewer-than-normal number of sales. The market in November also experienced declines in the median sales price on a month-to-month and year-to-year basis. One hundred sixty-seven homes were sold in November. That’s the fewest in a November since 2015
The median price of a home in the Bend, Oregon, real estate market in October was the second-highest on record, trailing only the record set two months prior. The median of $471,250 was 7.1 percent more than the same figure in September and less than 1 percent below the record of $474,950 seen in August.