The Beacon Report – August 2019.
In July, the median Single Family Residence (SFR) sale price in Bend hit $470,000, another record high. The number of new detached SFR unit permits in July was 32, which was the lowest since March of 2018. Inventory remains close to 3 months, which has been the same since May 2019.
Redmond had a slight drop in median SFR sale price in July and the inventory has been stable at around 3 months since May 2019.
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®.