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Posts from June 11th, 2018

Bend Premier Real Estate Blog

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June
11

How High Can Bend Real Estate Prices Go?

The demand for Bend single family homes has not dropped off and the data from May, 2018 shows that home prices continue to rise. Homes priced well are often experiencing multiple offers which drive the price up. While new homes are being built, they are also being sold quickly and the average days on market has dropped.  The following shows the figures comparing Bend single family homes from May 2018 with May 2017:

  • Average days on market down 3.9% to 98
  • Number of homes for sale up 10.2% to 542
  • Number of homes sold down 0.9% to 220
  • Number of homes pended up 6.9% to 249
  • Average price per square foot up 4.3% to $240
  • Months of inventory based on closed sales up 13.5% to 2.5
  • Average active price down 2.7% to $656,000
  • Average sold price up 9.7% to $498,000*

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