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 […]
Q&A with Mollie Hogan, Principal Broker, CRS I’ve been hearing about the limited inventory in Bend. Does that mean it’s a good time to sell? Yes, it’s a great time to sell. Prices have increased, and lower inventory means you are likely to receive an offer quickly. However, and this is an important caveat: you need […]
Finding a home for sale in Bend continues to be challenging for buyers who are competing for an extremely limited inventory of active listings. The available inventory dipped to another new low in November, down from 0.6 months in October to 0.5 months. To compare that inventory metric, there was 3.1 months’ worth in November […]
Market stays active despite virtual back-to-school and wildfire smoke After a very active summer due to overwhelming buyer demand and increasingly limited inventory, Bend residential real estate didn’t experience the seasonal dip it typically does, and continued to be a very dynamic market through September. Usually, we see a slow-down from August to September as […]
Inventory of Residential Real Estate Continues to Shrink in Bend, Oregon If you’ve been following our recent blogs on the local real estate market, you know that the inventory of homes for sale in Bend has shrunk steadily and dramatically over the summer. That trend continued through August despite a leveling of other real estate […]
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, […]
Local real estate market activity is relatively consistent during different phases of pandemic First of all, we hope your life is as peaceful and healthy as possible during these tumultuous times. With so much of our daily lives disrupted, many of our clients are surprised to hear that the local real estate market in Bend […]
Weekly and Monthly Market Trends Through May 17, 2020, Show Some Signs of Weathering the Impact of Coronavirus Pandemic Despite the impact of the COVID-19 pandemic on local real estate activity over the last couple of months, the Bend real estate market continues to show signs of weathering the storm. While there were fewer listings, […]
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