As we all know, the Months of Inventory (MOI) for a given real estate market indicates the balance between supply and demand. Higher months of inventory indicate a greater supply than there is a demand. A balanced market will see between 3 and 6 months of inventory for family homes.
Bend Real Estate – Months of Inventory Numbers (2007 through 2017)
As shown in the following chart, our Bend (Oregon) real estate market was experiencing a terribly unbalanced period in much of 2008 and 2009, a somewhat unbalanced 2010 and 2011, which has since corrected itself. Now in 2017, we see numbers below the health range (greater demand than supply), and within the range (a healthy balance between supply and demand).
Join us as we continue to share the key metrics used to assess the overall health of our local Bend (Oregon) real estate market, today, in the past, and in the future.