| October 2014 | Active Listings | New Listings | Pending Listings | Reduced Listings | Sold Listings | Avg. List Price/ Sale Price | Months of Inventory |
| $125,000 – $225,000 | 44 | 20 | 36 | 15 | 46 | 98% | 1.0 |
| $225,100 – $325,000 | 204 | 61 | 87 | 45 | 73 | 99% | 2.8 |
| $325,100 – $425,000 | 139 | 44 | 38 | 38 | 41 | 99% | 3.4 |
| $425,100 – $525,000 | 75 | 14 | 18 | 21 | 16 | 98% | 4.7 |
| $525,100 – $625,000 | 55 | 10 | 11 | 12 | 14 | 98% | 3.9 |
| $625,000+ | 121 | 15 | 16 | 16 | 17 | 92% | 7.1 |
| Totals | 638 | 164 | 206 | 147 | 207 | 97% | 3.8 |
| November 2014 | Active Listings | New Listings | Pending Listings | Reduced Listings | Sold Listings | Avg. List Price/ Sale Price | Months of Inventory |
| $125,000 – $225,000 | 33 | 17 | 27 | 5 | 29 | 97% | 1.1 |
| $225,100 – $325,000 | 178 | 46 | 61 | 27 | 58 | 98% | 3.1 |
| $325,100 – $425,000 | 124 | 26 | 42 | 19 | 27 | 99% | 4.6 |
| $425,100 – $525,000 | 58 | 21 | 11 | 13 | 17 | 101% | 3.4 |
| $525,100 – $625,000 | 48 | 10 | 9 | 11 | 10 | 99% | 4.8 |
| $625,000+ | 95 | 7 | 11 | 7 | 9 | 97% | 10.6 |
| Totals | 536 | 127 | 161 | 82 | 150 | 99% | 4.6 |
These statistics are for Bend, OR residential properties on <1 acre
2014 is drawing to a close. How is the local real estate market wrapping up the year? It may seem as if the marketplace is seeing a downward trend. The truth is the marketplace has seen important growth since October.
It is not uncommon to see a general slowing of the marketplace after the summer months, but lower numbers does not necessarily mean a downturn in yield. Closer examination of the current statistics reveals a healthy real estate picture for our area.
The statistics support this consistent and stable setting through some significant numbers. While overall total numbers from active, new, pending, reduced and sold listings are lower than the previous month, the average sale price to list price has increased. This means that houses are selling at a price closer to the current asking price. Combined with less price reductions, sale prices grew closer to what sellers are seeking and what buyers are willing to pay. This keeps market inventory moving.
It should be noted that the $425,100-$525,000 price range saw an impressive 101 percent of average list price to sale price. This range saw sales higher than the asking price. The $625,000+ range also saw a marked improvement from 92 percent in October to 97 percent in November. This price range is usually the slowest moving in the overall market so this increase demonstrates that all price ranges are remaining active and resulting in sales.
New listings continue to enter the market across all price ranges. A diverse inventory signifies a healthy mix of listings that provides ample offerings for what diverse buyers are looking for.
The diversity of inventory has contributed to an overall months of inventory increase to 4.6 months. This is approaching a target average of 6-8 months. This statistic indicates that there is a growing balance between listings available and buyers making offers.
The real estate market remains steady and stable for Central Oregon. While there has been some fluctuation in the statistics this movement has produced a dynamic and responsive market. As 2014 begins to sunset in the history books the marketplace is positioned for a strong entry into the new year.
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