Home prices change little
Published 5:00 am Thursday, August 8, 2013
The median home price in Bend last month dipped slightly compared with June, while Redmond’s median rose a bit, according to a report released Wednesday by Bratton Appraisal Group.
Bend recorded a median home price of $280,000 in July, down from $281,000 in June, the report shows. A total of 205 homes sold in Bend last month, down from 228 the month before.
But the July numbers still neared five-year highs for sales and home values. The average home that sold in Bend last month was on the market for 63 days, a more than six-year low.
Redmond’s median price rose to $185,000 in July, up from $177,000 in June. The city’s median home price hasn’t been that high since late 2008. Sixty single-family homes sold in Redmond last month, a drop from the 75 sales in June.