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Central Oregon Real Estate Housing Market Update for August 2020

Bend, Oregon

Bend has seen the housing prices stabalize a bit for August but inventory is lower than it was in July. The new detached single family residence permits increased to 76 from 46 in July. Building is definatly going on and growth is happening in Bend.  Right now we are waiting to see how much the wildfires across or state will impact us.

Redmond, Oregon

Redmond's single family residendial housing market median sales price has increased aproximately 5% and the level of inventory is holding steady right now.

Sunriver, Oregon

In Sunriver the inventory is low with a median average sales price of $507,000. 

Sunriver market update

La Pine, Oregon

Right now La Pine is seeing a lot of action but inventory is low and the prices are rising, more people are buying in La Pine as Bend's prices increase. Average median price in La Pine is $336,000. This has rose from the 4th quarter in 2019 when we were at a median price of $248,000.

In the Central Oregon real estate housing market we have been dealing with low inventory which is leading to multiple offer and homes selling for more than they were listed for. Right now it's a touch time to be a buyer but a great time to be a seller. It is defianatly a sellers market.

With Covid and the wildfires it is so hard to know what to exspect with the real estate market as we head into fall.

Read the full real estate market report here

If you would like to know more about the housing market give me a call 541-815-0906 or send me an email

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