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Posts from June 8th, 2020

Bend Premier Real Estate Blog

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June
8

Bend Real Estate Sales Impacted by Covid-19 Pandemic

The May 2020 real estate sales figures have been published and the second full month of the Covid-19 pandemic and its subsequent impact on the Bend economy is over. Contrary to the thought process of many, Bend single family real estate sales were extremely strong in May. The biggest limitation to sales was the lack of inventory with sellers either delaying listing or pulling listings off the market. Buyers, however, have entered the market in force and are purchasing Bend single family homes, driving inventory levels below 2 months.

When May 2020 is compared with May 2019, Bend single family homes on less than an acre show the following changes:

  • Average sales price down .5% to $553,373*
  • Average list price down 1.99% to $596,885
  • New listings down 39.2% to 256
  • Number of homes for sa...

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