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Bend s median home sales price jumps 10 3% in a month, hits $651,000

(Update: Comment from Bend broker) Redmond prices held steady in April REDMOND, Ore. (KTVZ) – The Bend area’s median home sales price jumped by more than 10% last month, up $61,000 to $651,000, fueled by numerous sales of over $1 million, Beacon Appraisal Group reported Monday. By contrast, Redmond’s median sales price barely budged in April. The number of Bend-area home sales also rose by about 60, to 237, while the average days on the market for sold properties is still at a record low four days, as it’s been for several months. The extremely tight inventory continues, at just over 1/3 of a month s worth of homes on the market.

Most C O home prices still soaring, but Redmond s took a huge 10% jump in March

High demand, low supply equals tight inventory; records fall in most markets REMOND, Ore. (KTVZ) – Tight supplies of new homes amid strong demand are common these days in many areas of the country, and on the High Desert, they keep sending home sales prices into uncharted territory. Thursday’s report from Beacon Appraisal Group shows the median home sales price in Bend rose $15,000, or 2.6% in March, to a record $590,000 fairly typical of late. But that’s relatively small, percentage-wise, compared to Redmond, where the median price jumped $39,000 – that’s 10.4% in a single month, to a record $412,000, according to the report, which you can view in full here.

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