Smaller Central Oregon market areas have experienced a significant decline in the level of inventory in the last quarter.
The median SFR sale price in Bend declined for the second consecutive month as the number of sales was nearly unchanged from November and December. Inventory declined to 0.3 month supply.
Redmond SFR market median sale price was $375k in December and had an increase in the number of sales when compared to November. The SFR inventory in Redmond remains less than a 1/2 month supply.
Compiled by Donnie Montagner, State Certified Residential Appraiser.
From all of us at Beacon Appraisal Group, have a wonderful Christmas.