One of the metrics used to assess the overall hotness of the Bend real estate market is the number of days that homes remain on the market before selling. This is known as the Days on Marker metric, and its calculated as the elapsed number of days from the time a house is put up for sale through to the time the listing status changed to pending or sold.
Bend Real Estate – Days on Market (2007 through 2017)
Despite jumps in Median Sales Price and drops in Available Inventory indicating a hot market, the Days on Market metric has remained steady the past 3-4 years with a modest 7.6% increase from 2016 to 2017. Here’s the complete trend for Days on Market over the past 10+ years:
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. Browse Bend Homes >