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Bend OR Real Estate - May 2018 Trends
How High Can Bend Oregon Real Estate Prices Go? The demand for Bend single family homes has not dropped off and the data from May, 2018 shows that home prices continue to rise. Homes priced well are often experiencing multiple offers which drive the price up. While new homes are being built, they are also being sold quickly and the average days on market has dropped.  The following shows the figures comparing Bend single family homes from May 2018 with May 2017:
Average days on market down 3.9% to 98 Number of homes for sale up 10.2% to 542 Number of homes sold down 0.9% to 220 Number of homes pended up 6.9% to 249 Average price per square foot up 4.3% to $240 Months of inventory based on closed sales up 13.5% to 2.5 Average active price down 2.7% to $656,000 Average sold price up 9.7% to $498,000* This last figure is significant. The average sold price for a Bend single family home is almost at $500,000. The Bend City Council has discussed the need for more affordable housing in Bend for years, but the price for a single family home continues to rise roughly 10% per year since coming out of the ... more

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