August Housing Stats - Bend, Oregon
Haley Overton September 8, 2016
Haley Overton September 8, 2016
It's been a strong summer for real estate sales in Bend, OR. As fall rolls in (did anyone else notice it was 37 degrees this morning?!) I think we will continue to see a steady housing market even with inventory increasing slightly. As fall and winter roll on, I expect to see another decrease in inventory and a slight decrease in activity. With many moving from out of state, we will need to keep an eye on if their activity affects our typical winter slow down.
The months of inventory (calculated by taking the number of houses currently for sale divided by the average number of homes sold per month.) in August was 3.4 months. This number has remained fairly steady the past year with the exception of last winter where inventory dipped into the 2 month area and last fall where inventory took a quick jump to nearly 4 months.
The median sales price in Bend was $372,500 in August, which is a 6.4% increase over August 2015. It's down slightly from the peak for this year, which was $379,000 in June.
300 days of sunshine is almost unheard of but not for Bend! Most of our wet days come in the form of snow in winter.
Combined, that’s around 250 days of significant sunshine—not quite 300, but far more than most cities in the Pacific Northwest.
When you purchase a home, you might assume that you’ll move in as soon as the sale closes.
A magical place year-round, but there’s something particularly special about winter here.
Check out their websites below to learn about my new additions and all of the amazing work they are doing.
This why I love Bend, we are here for each other during the best times but also during the hardest times.
From the great school system, multitudes of cultural events and resources, outdoor activities, and low crime rates.
Bend
From guided back-country skiing, to beerfests, there’s something for everyone in January’s Cascade Living Newsletter!
Fall
Join the most talented independent filmmakers for 4 days of films, music, and conversations in Bend’s quaint theaters.
Buying, selling, or investing? We provide expert guidance, personalized service, and results that make a difference. Let’s turn your real estate goals into reality—contact us today!