Market Trend – February 2016

The residential real estate market is off to a good start in 2016

Typically, the real estate market in Central Oregon has less demand in the winter months.  While there was a decline in the number of sales in most market areas last month, the inventory in Bend and Redmond is low at around 2 months.  In Bend, there were 71 new SFR permits last month, compared to an average of 54 permits in January over the prior three years. These indicators strongly support a solid level of demand going forward

Below are links to the recent Beacon Report and the Median County Trend.

Link to Beacon Report.


Bend Area Snapshot for February 2016

$317,000 Median Price (down from Jan.)

$176 Median Price Per Sq Ft (up from Jan.)

160 Total Residential Sales (down from Jan.)

2 Months of Current Inventory (same, no change)

121 Median Days on Market (up from Jan.)

Courtesy of The Beacon Report