October provided more of the same data that has characterized the Bend, Oregon, real estate market since the reopening from March’s stay-at-home orders: Prices continue to climb, inventory continues to decline, homes are moving more quickly, and sellers are getting their asking price – and then some. For the first time in our data set,
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
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
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.
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
1033 NW Newport Ave.
Bend, OR 97703
