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Bend Oregon Real Estate | October 2020 Trends
Inventory Levels Less than a Month for Bend Real Estate
The October 2020 figures have been published for Bend single family home sales on less than an acre. The results continue the trends we have been experiencing this year - recording breaking low inventory, record breaking demand and record breaking home prices. The inventory of available Bend single family homes for sale has now reached a desperate level of less than half a month of supply. This has created a situation where multiple offers are the norm, days on market historically low and prices escalating at a rate that we believe is unsustainable.
When October 2019 sales figures for Bend single family homes on less than an acre are compared with those from October 2020, the following changes can be noted:
- Average sales price up 21.5% to $669,699*
- Median sales price up 19.1% to $560,000
- Average listing price up 11.4% to $638,699
- Median listing price up 19.6% to...