The Beacon Report – November 2019.
The Single Family Residential (SFR) median sale price in Bend increased from $440k to $470k, which is in line with the median trend in June and August. Over the past seven months, the Redmond SFR median sale price has fluctuated slightly between $315k and $338k, but most months were between $325k and $330k.
Last month, the inventory level in Bend and Redmond declined to under 2.5 months. Building permits in Redmond climbed from 45 to 56, and Bend permits were not yet available for this report.
The link to the recent Beacon Report is below.
Have a great Thanksgiving.
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®.