April 2023 Beacon Bend Market Report...

The Bend real estate market has started its awakening from the winter slumber. While sales increased in March the jump was not as great as in past years. The jump last month was up 13 sales where last year the jump was 74 sales and 58 sales in 2021.  

While sales volume has slowed the median price of a Bend home remains steady with the median price increasing back up to $685,000. For the past 6 months the median price has hovered in the mid to upper $600,000 range. The median price a year ago just before mortgage interest rates started their rise was $773,000.

The stability of the median price reflects our lack of inventory which has stayed at a one-month supply for the last three months. It also shows that there is still a strong demand for homes in Bend. In spite of mortgage interest rates rising the ratio between cash sales versus financed sales has remained constant with financed sales running between the high 60% to low 70% range, this month is at 67.54% financed to 32.46% cash sales.

For the full report click here: Beacon Report