Market Trend – April 2016
This time last year, the SFR median sale price in Bend was $327k and the inventory level was around 2.5 months. Building permits for new SFR dwellings was around 52. Most sales were in the $200k-$250k price range.
Last month in Bend, the SFR median sale price was $347k and the inventory level was near 2 months. Building permits for new SFR dwellings was 69. Most sales over the past year were in the $250k to $300k price range.
Redmond SFR had similar trends as Bend. The median sale price last year, in Redmond, was $212k and was $250k last month. The inventory level had declined since last year from 3 months to near 2 months.
The quarterly figures are included for the smaller areas.
The link to the most recent Beacon Report is below.