The Beacon Report – May 2020.
Single Family Residential (SFR) median sale prices in Bend and Redmond increased in April and the number of sales took a downward turn, unlike the trend noted in the past several years. Although the number of sales dropped, the inventory remains around a two month supply.
There is a considerable difference in the Days on Market, which is the result of a new (MLS) platform that properly counts the days on market from the list date to the contract date. The prior platform provided the total time between list date and closed date.
We wish you a safe and healthy spring season.
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®.