September sales were up slightly in Bend and a bit lower in Redmond and Sunriver.
The mix of what sold in September in Sunriver skewed toward the upper price points causing the Median Price to jump to $858K, with Bend increasing a fraction and Redmond staying flat. Homes are still selling at a fast pace with Days on Market in all three areas coming in at a week or less. Inventory continues to be incredibly tight with Bend and Redmond at just 1 month and Sunriver at half that.
Reach out to me if you’d like to know more about our strategies to help both buyers and sellers navigate this changing market.
– Ken
Click HERE for detailed Real Estate Watch statistics.
** You’ll notice in the detailed report that I’ve altered the graph and data structure. I did this to better visually represent the shifts in the market from month-to-month.
Data summarized from – The Beacon Report
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