Bend Median Home Price Declines 1.5 Percent for August | Take Me Home | Bend | The Source Weekly - Bend, Oregon
The Source Weekly’s reporting is made possible by the power of your support. Be a part of it!
Search
Settings
Pin It
Favorite

Bend Median Home Price Declines 1.5 Percent for August 

Number of sales increases, but median sales price decreases

click to enlarge CANSTOCKPHOTO.COM
  • Canstockphoto.com

While home sales have been declining in many areas, the number of August sales for Bend single family homes on 1 acre or less was 8 percent above July 2018. The median home price, however, decreased by 1.5 percent from $437,000 in July to $430,500 for August.

Although the median home sales price decreased from July to August 2018, the median price is still up by about 6 percent from August 2017 when the median price was $414,000. Of the total sales, 57 percent were in the $250,000-$450,000 price range.

These statistics are reflective of the continued demand for Bend housing in terms of the increased sales volume, while the drop in the median price suggests price reductions. This is likely the market correcting itself. As reported last week, this is part of a national trend, with some cooling off of prices in areas where home price growth continues to outpace wage growth.

About The Author

Nick Nayne, Principal Broker

Principal Broker at The Broker Network Realty in Bend, OR. Over 12 years experience in Real Estate working with buyers, sellers and investment properties.
Pin It
Favorite

Comments

Subscribe to this thread:

Add a comment

Readers also liked…

Today | Tue | Wed | Thu | Fri | Sat | Sun
Submitting an event is free and easy.

Newsletter Signup

Get Central Oregon daily news
directly in your inbox

Get Social


Latest in Take Me Home

More by Nick Nayne, Principal Broker

Want to advertise with us?

For info on print and digital advertising, >> Click Here

© 2020 LAY IT OUT INC | 704 NW GEORGIA AVE, BEND, OREGON 97703  |   Privacy Policy

Website powered by Foundation