We have just received the newest weekly data on the Bend real estate market and wanted to provide you with a quick analysis.
As expected, most real estate activity has declined during the COVID-19 pandemic, but the local real estate market is not at a stand-still. Understandably, there are fewer new listings and fewer homes being re-listed right now.
The real estate community is responding to social distancing by offering fewer in-person showings, and that is certainly affecting sales and pending sales. Home sales are down 21% week-to-week and 28% in the last month. Pending sales are flat week-to-week and down 51% in the last month.
| Week of: | Mar. 9-15 | Mar. 16-22 | Mar.23-29 | Mar.30-Apr.5 |
| New Listings | 85 | 79 | 66 | 47 |
| Pending Sales | 68 | 52 | 33 | 33 |
| Sold | 57 | 55 | 43 | 41 |
| Re-Listed* | 20 | 26 | 17 | 14 |
| Reductions | 30 | 37 | 29 | 23 |
*Homes that are re-listed are also referred to as “Back On Market” (BOM)
We hope this quick snapshot is helpful to you and we will be providing a full analysis of the monthly market trends in a few days. In the meantime, our entire team is always available to answer your questions.
