The median price of a home blew past the $500,000 barrier amid a record-setting low inventory.
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1033 NW Newport Ave.
Bend, OR 97703
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
The median sales price of a home in Bend, Oregon, remained virtually unchanged in May from the month prior even as other data indicates the market might be tightening. May’s median price of $415,000 was less than one-tenth of 1 percent less than April’s figure of $415,250. Every month this calendar year has had a
The pace of home sales and the median price dropped in November compared with the previous month. But the one-month snapshot comparing November’s numbers to October’s doesn’t capture the bigger picture of the Bend, Oregon, real estate market. November’s median sales price of $390,000 was 3.5 percent lower than October’s median of $404,250. A look
After four months in a row of record-setting real estate prices in Bend, Oregon, the market took a step back in October. The median sales price of a home in Bend declined last month, but there is strong evidence that the move was a consolidation, not a sign that the demand for homes in this