The Beacon Report – August 2022.
The Single-Family Residential (SFR) markets in Bend and Redmond increased in inventory and are currently around a two-month supply. The median marketing times increased slightly from less than one week to 10-days.
The SFR median sale price in Bend increased slightly and the median price declined slightly in Redmond.
The median sale price in Bend has been trending between $722k and $773k for the past 6 months. Redmond SFR median sale price has been trending between $500 and $550 for the past five months.
Supply remains at low levels and the median marketing times show there is ample demand for the level of inventory available.
The link to the most recent report is below.
– Donnie
The Beacon Report – August 2022
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®.
