The Beacon Report – April 2019.
2019 appears to be off to a good start for the Central Oregon SFR (single-family residential) market. SFR inventory levels are low in all the areas included in the Beacon report.
The Bend SFR market experienced an increase in median sale price and number of sales last month when compared to February 2019.
Redmond SFR market also shows an increase in sales and the median sale price is slightly lower than in February 2019.
The quarterly numbers for the small Central Oregon market areas are included in this report and the inventory level range from 2-3 months.
The Beacon Report is compiled each month by Donnie Montagner (State Certified Residential Appraiser) of Beacon appraisal Group LLC with information obtained from the MLS of Central Oregon with permission from the Central Oregon Association of Realtors®.