Bend OR Real Estate - January 2019 Trends

By
Real Estate Broker/Owner with Bend Premier Real Estate 200009031

Bend Or Home Sales Showing a Decline in Early 2019

Those of us involved with day to day real estate sales have "felt" a change in the market for several months. Bend home prices which have been rising for the last several years have continued to grow, but sales have been flattening. Buyers which were so ready to purchase have developed a "wait and see" attitude and the homes which were so quick to sell not long ago are taking much longer.

If the sales data for Bend Oregon single family residential homes from January 2019 is compared with January 2018, the following changes can be noted:

  • Homes for sale down 4% to 382
  • Homes sold down 12.6% to 125
  • Homes pended down 27.6% to 144
  • The average price per square foot is up 7.5% to $245
  • The average days of market is up 5.8% to 127
  • The sold/original listing price percentage is down 1% to 95%
  • The months of inventory based on closed sales is up 10.8% to 3.1 months
  • The average active listing price is up 9.9% to $711,000
  • The average sold price is up 5.1% to $494,000**

While there are still buyers in the market, the added inventory is providing for more options. And while prices continue to rise, the fact that pending homes are down 27.6% may be an indicator that Bend has priced many out of the market.

Predictions for Bend Oregon real estate sales in 2019

We believe that the trends will continue to reflect a changing market in 2019. If sales continue to show a decline, prices will have to as well. We will keep everyone updated monthly.

Bend Oregon Real Estate Trends

 **Data from Central Oregon MLS  Original blog can be read at Bend Premier Real Estate.

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Topic:
Real Estate Market Trends
Location:
Oregon Deschutes County Bend
Tags:
bend oregon real estate
bend real estate
bend or real estate
homes for sale in bend oregon

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Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 15, 2019 08:45 PM #1
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Lynnea...we have a similar market in Charlotte except for the fact that our inventory is not increasing! So we are still a seller's market. 

Feb 16, 2019 04:27 AM #2
Rainmaker
4,077,625
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lynnea, great market update for Bend OR, and like other areas, we are seeing a slight shift too.

Feb 16, 2019 05:06 AM #3
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Rainmaker
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Lynnea Miller

Premier Real Estate Service in Central Oregon
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