The Bulletin file photoThe median price of a single-family home in Bend is rising.

Bend median home price $317K

The median price of a single-family home in Bend last month reached $317,000, an 8.6 percent increase over June’s median, the Bratton Appraisal Group said Monday, and the highest median price since early 2008.

Inventory of single-family homes last month increased by about six months, to a four-month supply, according to The Bratton Report. Bend home sales in July increased by four, to 237, over June’s total sales.

In Redmond, the median price of a single-family home in July increased by 3.6 percent, to $202,000. Eighty homes sold in Redmond last month, down from 91 in June.

— Bulletin staff reports