Welcome to our Bend Real Estate Market Update for the First Quarter of 2024. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702 and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from January 1 through March 31, 2024. All statistics come directly from the Central Oregon MLS and these statistics are compared to Q1 2023. Bend Market-wide Activity At the end of March 2024, there were 281 single-family homes for sale, 209 pending sales, and 319 homes had sold through the fi ..read more

Welcome to our Bend Real Estate Market Update for the year 2023. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702, and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from January 1 through December 31, 2023. All statistics come directly from the Central Oregon MLS. Bend Market-wide Activity At the end of 2023, there were 166 single-family homes for sale, 84 pending sales, and 1,592 homes had sold. Inventory and number of homes sold are down from this time last year. T ..read more

Welcome to our Bend Real Estate Market Update for the Third Quarter of 2023. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702 and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from January 1 through September 30, 2023. All statistics come directly from the Central Oregon MLS. The first portion of this report looks at the Bend real estate market in its entirety. Latter sections focus on more specific segments of the market. Bend Market-wide Activity At the end of Sept ..read more

Buyers and sellers understandably have a lot of questions about the real estate market right now. While we don’t have a crystal ball, we do have the next best thing – 30+ years combined experience and educated local market insight, coupled with strong relationships with industry experts. These are our answers to the most common questions we have been hearing.  Are home prices going to come down more in Bend? Buyers that are waiting for home affordability to improve may need to adjust their expectations. Multiple sources point to home prices stabilizing. Zillow’s home value forecast calls ..read more

Welcome to our Bend Real Estate Market Update for the year 2022. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702, and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from January 1 through December 31, 2022. All statistics come directly from the Central Oregon MLS.  Bend Market-wide Activity At the end of 2022, there were 230 single-family homes for sale, 128 pending sales, and 2,059 homes had sold. Although inventory is up significantly, the number of pending sa ..read more

The December Beacon Report was published, which provides market insight for November 2022 and prior. According to the report, the median sales price for single family homes in Bend was $696,000 in November. That’s down from the market peak of $773,000 in March 2022 but up 1.9% from November 2021. Graph from Beacon Appraisal Group Report December 2022 In November 2020 and 2021, the number of homes sold was around 200. In November 2022 that number was down to only 137. The increase in mortgage interest rates earlier this year coupled with high home prices caused buyers to pause and the market to ..read more

Welcome to our Bend Real Estate Market Update for the Third Quarter of 2022. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702 and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from January 1 through September 30, 2022. All statistics come directly from the Central Oregon MLS. The first portion of this report looks at the Bend real estate market in its entirety. Latter sections focus on more specific segments of the market. Bend Market-wide Activity At the end of Sept ..read more

Welcome to our Bend Real Estate Market Update for the Second Quarter of 2022. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702 and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from January 1 through June 30, 2022. All statistics come directly from the Central Oregon MLS and these statistics are compared to Q2 2021. Bend Market-wide Activity At the end of June 2022, there were 395 single-family homes for sale, 277 pending sales, and 1,085 homes had sold through the s ..read more

Welcome to our Bend Real Estate Market Update for the first quarter of 2022. These statistics are for stick built homes on 1.0 acre or less in Bend zip codes 97701, 97702 and 97703 and do not include manufactured homes, condos, or townhomes. This report uses market data based on transactions that closed from January 1 through March 31, 2022. All statistics come directly from the Central Oregon MLS and these statistics are compared to Q1 2021. Bend Market-wide Activity At the end of March 2022, there were 113 single-family homes for sale, 333 pending sales, and 477 homes had sold through the fi ..read more

Redfin News 2/23/2022 by Lily Katz “January of 2022 is on record as the most competitive month ever for homebuyers, according to data released Wednesday from Redfin. Seventy percent of home offers written by Redfin agents faced bidding wars in January on a seasonally adjusted basis, up from 67.7% in December and 61% in January 2021. That’s the highest share since at least April 2020, when Redfin began recording this data. (An offer is considered part of a bidding war if a Redfin agent reported that it received at least one competing bid. The statistics in this analysis are subject to revision ..read more