Median Sales Price The Source Weekly has been Central Oregon’s locally owned news outlet for over 23 years. August 2019 was a strong month for Bend home sales and we believe the lack of summer forest fires may have impacted our market positively.
The median price for a single-family dwelling in those two cities has dropped dramatically from this same period last year.
Even Portland and Seattle are experiencing a more dramatic shift toward a buyers market than we see here. Bend, Oregon real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Bend homes for sale market. Population and Demographic Outlook. Despite 'overall contraction of the market,' shift to virtual showings.
Sales dramatically declined while prices increased, although at a reduced rate than we have experienced over the past few years. Our success in navigating this new world is tied to the success we experience in pulling together for the common good.
First of all, the Median Home price dropped down to $445,000, which is the lowest number we’ve seen all summer and is even slightly lower than the June 2018 price of $449,000. Oregon’s population count on April 1, …
Bend Oregon Real Estate Market Changing. Bend continues to defy expectations in the aftermath of one of the nation’s worth housing bubbles a decade ago.
One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. The June 2019 Real Estate Market report came out this week and we’re seeing some interesting changes here in Bend, Oregon! Relative to the 20 typical housing bust metro, Bend’s income gains rank 5th best and is at an all-time high. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain. I’m here to discuss real estate and what it looks like here in the fall of 2019 in Bend. After a very hot few years in the Portland real estate market, the numbers are pointing to a softening and a cooling off in the market. February 2019 had the most dramatic change to the Bend Real Estate market that we have seen in many years. The real estate market in Central Oregon IS changing, but not at the pace we see in many other parts of the country.
For Bend Real Estate in 2019, the trends provided more of the same with lack of inventory impacting home prices, days on market and closed sales. I’d like to talk about three data points that are affecting real estate today here in Bend, and then I’ll try to bring it all together with some perspective at the end. 1. I’m Brian Ladd with Cascade Sotheby’s International Realty.
As we move from 2019 to 2020, it is always good to look back and see how the sales from one year may affect the next.
Bend Home Prices Up The Bend real estate market continues to be impacted by a limited supply of inventory, rising prices and changing seasons.
Bend Oregon Home Sales 2019 Show More of the Same.
Nonetheless, experts believe it’ll remain a strong market in 2019. We have always been the definition of "support local."
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