January 2023 Market Trends for Bend
Although we typically see home sales slow during the holiday season, this year, the number of homes sold in Bend dropped 29% in December, from 139 sales in November to 98 last month. Pending sales were down 41% month-to-month, from 129 in November to 76 in December. As a comparison, home sales in...
One Percent Campaign Donates Almost $18,000 in 2022
When we created the Skjersaa Group 18 years ago, we knew we wanted to include a well-defined plan for giving back to our local community as part of our business plan. Initially, we focused our One Percent Campaign on supporting environmental causes, but we quickly saw the impactful work a wide...
Activity slows in December
Activity in the Bend, Oregon, real estate market slowed in December 2022, producing the fewest monthly sales in almost nine years. Ninety-eight homes were sold in December 2022, 25 percent fewest than in any other month in 2022 and the fewest in any calendar year since 96 were sold in January...
December 2022 Market Trends for Bend, Oregon
Signs of Stability in the Bend Residential Real Estate Market After a fever pitch of real estate activity that began during the pandemic when Bend became a “Zoom Town,” our market trend data continues to show signs of stabilization. The median home price in Bend — which was $695,900 in...
Market shows continuing signs of stability
Compared with much of the previous 2 ½ years, sales data in the Bend, Oregon, real estate market in November showed further signs of stability and normality. Some commonly watched benchmark numbers essentially held steady from the previous month – or even the previous few months. The market had...
A Season for Radical Generosity in Bend
As the holiday season kicks off in Bend, we hope you’re finding fun and meaningful ways to connect with your neighbors, friends and family. Fostering a sense of community is important year-round but has a heightened significance during the holidays. This season, we encourage you to embrace the...
November 2022 Market Trends for Bend Real Estate
As inventory continues to return to pre-pandemic levels, the real estate market in Bend is reflecting national trends of slowing down due to many factors, including worries of a recession and high interest rates. There were 389 active listings in Bend last month, down 7% from September, but up 56%...
Median sales price still up year-over-year
The median sales price of a home in the Bend, Oregon, real estate market fell below $700,000 in October but still showed a year-over-year increase. October’s median price of $679,950 was 6.2 percent less than the median price the month before, which was $724,900. From the record high median price...
Bend Market Trends for October 2022
Even as sales activity slows in Bend this fall, the inventory of homes for sale continues to be much higher than a year ago. There were 419 active home listings in September, down 4% from August, but up 44% from last September when there were 291 active listings. New listings were up 3% last...
Prices rise slightly as pace of sales slows
Further signs that the Bend, Oregon, real estate market is resettling to a pre-pandemic state come from sales data in September. Many data points more closely resemble their range from early to mid-2020 than in the two years since. One of the most closely watched numbers is the median sales price....