Posts from August 2020
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Central Oregon Housing Market Update
Central Oregon Housing Market Update for August 2020
The Central Oregon houseing market has taken off, the single family median sale price in Bend has broken another record in July.
Last month the median sale price was 
$529,000, up 12.55% from July 2019. The data was reviewed three times in order to ensure the $529,000 was correct. The number of sales in Bend reached over 300 sales in July. Demand is strong and the inventory level fell slightly lower than a one month supply. This spike may be temporary and time will tell if the trend remains over $500k.
In Redmond, Oregon the housing market for single family residence had a slight increase in July, $345k, up about 9.52% from July 2019.
Building permits in Bend and Redmond are at typ...