Following an unexpected cooling-off period this summer, our local real estate market took an unexpected swing in the opposite direction for October. According to October 2018 Central Oregon MLS statistics for Bend single family residences (excluding condos and manufactured homes) on one acre or less, the market heated up again, with the median price increasing by almost 2 percent over September 2018.
For October 2018, there were 222 home sales compared to 195 in September 2018 representing a sales volume increase of almost 14 percent. with 54 percent being in the $200,000 to $450,000 price range, 27 percent in the $450,000 to $650,000 price range, with the remaining 19 percent in the higher price range. The median sales price was $432,900, up 5 percent over the October 2017 median sales price of $411,000.
This article appears in Nov 14-21, 2018.
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