The Beacon Report – May 2023.
The median Single-Family Residential (SFR) sale price in Bend is maintaining a stable trend as of April. The number of sales increased and marketing times declined slightly.
Last month, the SFR median sale price and the number of sales increased in Redmond. Interestingly, there are 25 active listings in Redmond in the $550k to $600k price range. Based on the 72 sales in the prior year, there is about a 4-month supply of SFR properties in Redmond within the $550k to $600k price range.
SFR inventory remains low at around 1.5 month supply in both areas.
The link to the most recent 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®.