The Beacon Report – November 2021.
The Bend and Redmond Single-Family Residential (SFR) markets show to have had inventory shaved down slightly to just under a 1-month supply in October. While the number of sales in Bend had declined in October (when compared to the prior 6-months) the number of active listings had also declined, which resulted in a net decline in housing supply.
Both Bend and Redmond are keeping a stable median sale price, $645k and $449k respectively..
The median marketing time of SFR properties in Bend and Redmond is 8 and 6 days respectively..
The link to the most recent 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®.