April sees a robust number of new listings

The number of homes entering the Bend, Oregon, real estate market in April matched a COVID-era high and helped increase the inventory of homes for sale. Of course, April’s inventory – the time it would take to sell all homes on the market given the current pace of sales – was all of one month (six...

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Buyer Strategies: Q&A with Greg Millikan

Greg Millikan has represented more than 200 buyers in residential real estate transactions over the last five years in Bend. Describe the real estate market for a buyer right now. “It’s tough to be a buyer right now,” has become a standard response to questions about the real estate market in...

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May 2022 Market Trend Report for Bend, Oregon

Available Inventory Increases 47% in April   The number of homes for sale in Bend rose 47% last month, from 127 active listings in March to 187 in April. That’s a 73% increase over last year, when there were only 108 active home listings in April 2021. Our weekly data shows a continuation of...

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Earth Day 2022 in Bend

“Everyone accounted for, and everyone accountable.”   The theme of this year’s Earth Day—officially celebrated on Friday, April 22—is Invest In Our Planet, and invites people, businesses and governments around the world to “act boldly, innovate broadly and implement equitably.” Although we’ve...

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April 2022 Market Trends for Bend, Oregon

Despite Increase of New Listings, Available Inventory of Homes for Sale Tightens   Although new and active listings were up last month, pending transactions and home sales were up also, and the available inventory of homes for sale in Bend was down 25% in March. There were 267 new listings of...

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Increased homes on market quickly getting bought

There were more houses for sale in the Bend, Oregon, real estate market in March than in February, but it seems all the additional homes weren’t long for the market. A total of 267 homes were new to the market in March. That’s the most additions to the market in seven months. But the speed at...

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FAQs About the Bend Real Estate Market in 2022

How does an increase in the median home price affect the local real estate market? Median price is a worthwhile metric to look at over a span of time, but that’s really about the extent of its usefulness. While it makes for interesting headlines each month, the reality is that median home price...

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March 2022 Market Trends for Bend

Median Home Price Skyrockets to $773,000 We get it. Depending on your position in the local real estate market, when you see that the median home price is now $773,000—a 13% increase over January 2022, and a 30% increase over February 2021—it can be startling and raise questions about how and...

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Looking inside another record median sales price

February’s median sales price in the Bend, Oregon, real estate market hit $773,000, a record high and 12.7% more than the previous record – set the month prior. February’s median sales price is noteworthy for reasons beyond just being an all-time high for the market. The 12.7 percent...

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