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

Continue Reading →

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 snow-filled January

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.

Continue Reading →

Relatively speaking, few listings but plenty of sales in December

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

Continue Reading →

Activity slows but median price is up in NWX

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

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 →

October prices are second-highest on record

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.

Continue Reading →