Market Trend – October 2018
It is Fall and the Central Oregon SFR market is cooling.
The SFR median sale in Bend has declined slightly over the past three months, but is slightly higher than the median sale price in September of 2017, $418k. Inventory is low at just under a three month supply.
Redmond SFR prices have steadily increased through 2018 thus far. Inventory in Redmond is low at around 3 months (just over three months) and the number of building permits issued for new SFR detached dwellings had fallen significantly in September.
The quarterly figures show that the smaller SFR markets in Central Oregon have also experienced an increase in price trends over the past year.
Have a great day!