Median Home Price Skyrockets to $652,000 The median home price in Bend jumped from $597,500 in March to $652,000 last month, a 9% increase month-to-month. Even more startling is the 41% increase year-over-year. The median home price in April 2020 was $461,000, only down less than one percentage point from April 2019, despite the onset […]
Available inventory at all-time low and median home price at all-time high despite influx of new listings in March The weekly and monthly data we have on Bend, Oregon, residential real estate continues to tell the same story that it has for months. The median home price is at an all-time high and the available […]
Median Home Price Hits Another Record High The median home price in Bend climbed to another new high of $595,000 last month. That’s 68% higher than the current median home price of $353,000 nationally. Year-over-year, the median price of a home in Bend is up 28%, compared with 14% nationally. Although there were more homes […]
Median Home Price Hits All-Time High and Active Listings at All-Time Low With fewer mid-priced listings, extremely low inventory, and continued buyer demand for homes in Bend, the median home price hit another new high last month. The median sales price of a home in January was $575,500, up 10% from December, and up a […]
How the Pandemic Dramatically Affected Bend Real Estate When the pandemic hit last March, we were prepared for the worst. Still flinching from the apocalyptic economic crisis we endured in 2008, which was especially hard on the local real estate industry in Central Oregon, we were bracing for something similar. Destination mountain towns like Bend […]
Inventory at an all-time low and median home price at all-time high Despite a rise in new listings last month compared with October 2019, buyer demand continues to keep available inventory of homes for sale in Bend at historic lows and drive the median home price up to an all-time high of $560,000. Our most […]
Jason Boone answers frequently asked questions about the local real estate economy Our team is getting a lot of questions from clients and friends about how the COVID-19 pandemic will affect the real estate economy, and we asked Jason to offer his perspective on how the local real estate market in Bend is currently faring, […]
Sales and Pending Sales of Bend Homes Surge We hope you are doing as well as possible right now, and that this update on the Bend real estate market is helpful to you during this chaotic time. The local real estate market in Bend has been a dynamic one due to many factors these last […]
As many of you know, we’ve been zooming in on weekly measurements of residential real estate activity in Bend because we felt the monthly data wasn’t keeping up with the speed of the COVID-19 pandemic and its affect on the local real estate market. We now have six weeks of weekly trends, including the most […]
By Jason Boone The median price of homes sold in Bend, Oregon, in May was the second-highest in the last 10 years, but there are signs that prices might be nearing or at a peak. At $374,000, the median sales price in May 2016 trailed only that of May 2007 ($396,250) in the time span […]
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