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Bend OR Real Estate - March 2020 Trends
Central Or Real Estate Sales Feeling Impact of Covid-19 PandemicThe March 2020 real estate trends have been published and they reflect both the start of the Covid-19 pandemic and the closings from strong February home sales. Central Oregon schools shut down Friday, March 13th and stay at home became the norm the following week.  Since the start of the pandemic, home sales have dropped, new listings have slowed, and more sale fails than normal have occurred, often due to buyers losing jobs and no longer qualifying for loans.  However, Central Oregon real estate sales are still happening, although at a different rate than normal for this time of year.
Bend Oregon Home Sales MixedWhen March of 2020 is compared with March of 2019 for the sales of Bend single family homes on less than an acre, the following can be noted:
Number for sale down 11.1% to 335* Number sold up 23.7% to 188 Number pended down 19.3% to 155 Average price per square foot up 1.6% to $257 Average days on market down 4.5% to 107 Sold/original listing price difference unchanged at 97% Average active price up 4.1% to $710,000 Average sold price up 3.4% to $553,000 Months of inventory based on closed sales ... more

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