The Beacon Report – May 2019.
Records are broken in the Spring of 2019
Both Bend and Redmond recorded new record high median sale prices in the Central Oregon single-family residential real estate market in April.
The median sale price in Bend reached $463,000, up 11.57% from April 2018. Interestingly, the inventory edged upwards to just over a 2 month supply last month. New single-family residential permits in Bend have not yet been recorded.
The Redmond single-family residential market also shows a record high median sale price of $326,000 in April, up 12.80% from $289,000 in April 2018.
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®.