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

Continue Reading →

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

Continue Reading →

Activity slows in November; median price down

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

Continue Reading →

Strong signs that now is a good time to buy

Median home prices are near an all-time high in Bend. The inventory of homes for sale skews strongly toward a “seller’s market.” Interest rates have risen from their historic lows of recent years. It seems as if there might be some credible arguments for why now is not the right time to buy a home

Continue Reading →

May sales prices 9 percent higher than in previous year

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

Continue Reading →

Amid another record sales figure, buyers are pushing back

The median sales price of a home in Bend, Oregon, set another record in July, the second month in a row that figure has reached unprecedented levels. But along with the rising median sales price came evidence that the market is highly competitive and buyers are pushing back on overpriced homes. July’s median sales price

Continue Reading →