The Beacon Report – January 2021.
Happy New Year!
This report includes a 1997-2020 median sale price trend in Bend as well as the updated Deschutes County NOD.
Smaller Central Oregon market areas have experienced a significant decline in the level of inventory in the last quarter.
The median Single-Family Residential (SFR) sale price in Bend declined for the second consecutive month as the number of sales was nearly unchanged from November and December. Inventory declined to 0.3 month supply.
Redmond SFR market median sale price was $375k in December and had an increase in the number of sales when compared to November. The SFR inventory in Redmond remains less than a 1/2 month supply.
The SFR building permit data has not yet been updated and will be included next month.
We wish you the best in 2021!
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®.