Bend Home Sales Going Into 2020
As we start off 2020 and look back at the sales from 2019 we look at how those sales will affect the real estate market in 2020. The trends we are seeing show there is still a lack of inventory and that is impactions home prices, days on market and closed sales.
Below are figures from 2019 single family Bend home sales on less than an acre show that home sales were up, sold were up but inventory was way down.
Months of inventory real estate graph shows that as we head into 2020 the inventory is very low compared to the same time last year where we had 3.5- 3.8 months of inventory. If you are thinking of selling your home now would be the time to put it on the market before the spring and the market starts to see an incline in home listings.
The graph below shows that price per sq.ft is up from last year but not by much considering the low inventory.
The new year is starting off slow but that is usual for this time of year when the snow flies. We are still seeing home sales, but many sellers are waiting till spring to put their homes on the market. Sellers who list their homes for sale now, if priced right are selling quickly because there is less inventory it makes it easier for home buyers to find their properties.
Information is deemed reliable, provided by Central Oregon MLS