Category real estate market statistics

Bend Real Estate Market Update Q2 2019

Bend, Oregon home values continue to rise. Compared to this time last year, the median sales price increased 6.5% to $449,995.

Bend Real Estate Market Update Q1 2019

The Bend, OR median sales price increased 6% to $440,000. The number of homes sold is down 24% from this time last year, which is not surprising at all considering inventory is also down 20%.

The Bulletin Reports a Drop In Home Sales

The monumental difference between 2007 and today is the absorption rate, which is the rate at which available homes are sold in a specific market during a given time period. Traditionally, anything above 20% is a seller’s market. In the winter of 2006-2007 the absorption rate hovered around 9% for 6 months straight. This winter, 2018-2019, our absorption rate has been bouncing between 46% and 35%, with a dip in February down to 26%.

Bend Real Estate Market Update – 2018 Recap

Compared to this time last year, the average sales price increased 7.89% to $501,486 and the median sales price increased 7% to $427,000. While we do see signs that the rate of appreciation is slowing, home values are still increasing.

Is the Bend Real Estate Market Cooling?

There is a lot of fluctuation from month to month and it is not unusual for the median sales price to decline several times throughout the year, only to rebound and result in an overall increase. We don’t see many signs pointing toward the market cooling and we expect strong price gains to continue over the next couple of years, as do other industry experts.

Bend Real Estate Market Update Q3 2018

Bend, Oregon home values continue to rise. Compared to this time last year, the average sales price increased 6.76% to $496,610 and the median sales price increased 6.52% to $425,000.

Bend Real Estate Market Update Q2 2018

Bend, Oregon home values continue to rise. Compared to this time last year, the average sales price increased 9.25% to $495,369 and the median sales price increased 8.32% to $422,400. The most home sales occurred in the $300,000 – $399,999 price range with 430 closed transactions.