The Beacon Report – July 2020.
Last month the SFR inventory level in Bend declined from a 2 month supply to just over a 1 month supply. The SFR median sale price is up 4.27% from last June.
Redmond SFR inventory held steady at about a 2 month supply and the median sale price is slightly higher than last June.
Smaller market areas also have experienced a reduction in inventory as most are near/or just over a 2 month supply.
From all of us at Beacon Appraisal, have a great 2020 summer.
A link to the recent Beacon report is below.
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®.