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Posts from May 10th, 2021

Bend Premier Real Estate Blog

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May
10

Bend Home Prices Historically High With Inventory Levels Historically Low

In some way, it feels like we are like a broken record that keeps repeating the same line. Bend home prices are way up and inventory levels are way down. Each month we wonder if we have reached the top (or bottom), but each month we are setting another record - and we don't see the trends changing anytime soon. This is by far the strongest seller's market we have ever seen in Bend with desperate buyers bidding home prices up to levels we have never seen.

When April 2021 is compared with April 2020, Bend single family home sales on less than an acre reflect the following:

  • Average sales price up 32.2% to $769,314*
  • Median sales price up 41.2% to $651,000
  • New listings up 32.6% to 256
  • Homes for sale down 81.99% to 119
  • Pending sales up 149.7% to 427
  • Sold homes up 39.8% to 239
  • Median days...

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