Bend Real Estate Sales Slow As Winter Approaches
As the days shorten and the weather gets colder as we approach the start of winter and the end of year holiday season, real estate sales in Bend typically slow. The November 2017 trends are no different than what we traditionally see this time of year. When November 2017 trends for Bend single family home sales are compared with November 2016, the data show as follows:
- Number of homes for sale is up 8.6%
- Number of homes sold is down 3%
- Number of homes pended is down .6%
- The months of inventory based on closed sales is up 8.8% to 2.5 months
Given the continued demand for Bend single family homes, as expected prices continue to rise comparing November 2016 to November 2017:
- The average sold price per square foot is up 5.6% to $228
- The average active listing price is up 10.1% to $657,000
- The average sold price is up 2% to $460,000*
Our Predictions for Bend OR Single Family Home Sales
Last winter Central Oregon experienced unexpected record breaking snow. This year, the early snow has not been close to the level sustained the winter of 2016-2017. If we end up with a more typical winter, we anticipate Bend single family home sales to follow our normal trends with a slow down, but not as drastic as last winter when snow drifts made driving and showing property extremely difficult.
*Data per Central Oregon MLS
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