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Bend OR Real Estate - July 2019 Trends
Bend Oregon Home Prices Keep Rising The July 2019 figures are out and Bend single family home prices continue to go up while closings are down. However, homes in pending contracts have had a huge increase over the year before. When July 2019 is compared with July 2018 for Bend single family homes on less than an acre, the following changes can be seen:
Homes for sale down 6.1% to 604* Homes sold down 1.6% to 239 Homes pended up 28.3% to 263 The average price per square foot for sold homes up 4% to $261 The average days on market down 5.3% to 90 The sold/original listing price difference is unchanged at 98% The average active price is up 4.9% to $686,000 The average sold price is up 9.2% to $544,000 The months of inventory based on closed sales is down 3.8% to 2.5 How High Can Bend Home Prices Go? With inventory levels as low as they are, and with buyers willing to keep buying (homes pended in July up 28.3% from the year before), prices will keep rising; the recent reduction in interest rates should help buyers qualify for a higher priced home than they did the month previous. Until buyers stop ... more
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