Home sales in Bend, Oregon continue to be strong with an upward trend in home prices. Over the last 3 years, home prices have increased until the average single family home in Bend in October 2016 sold for $413,854. During this same 3 years, the average price per square foot has gone from $173 to $210, the months of inventory has dropped from 3.5 to 2.5, and the number of homes sold has gone from 2319 to 2603.*
What does this mean for Bend real estate in the future? If the United States economy remains as it has been over the last few years, and while Bend continues to be the destination for many buyers from around the country, the trend appears to favor continued growth.
*Data from Multiple Listing Service of Central Oregon
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