Monthly home prices dip in Bend, Redmond

The median price for a single-family home in Bend fell 1.6 percent last month over May, according to a report released Wednesday, while the median price in Redmond fell 0.8 percent over the previous month.

Both cities, however, saw increases in median price year over year.

Bend’s median price fell to $368,000 in June, or $6,000 below the median price in May, according to The Beacon Report. Last month’s median was about 11 percent greater than the median price for a single-family home in Bend in June 2015, according to the report from the Beacon Appraisal Group.

The median price equals the midpoint, with half the prices above it and half below.

Bend recorded 234 home sales last month, nine less than in May and 26 less than in June 2015.

In Redmond, the median price for a single-family home was $243,000 last month, $2,000 less than in May. June’s median price, however, was 6.6 percent greater than the median price in June 2015, according to the report.

Redmond recorded 92 home sales last month, 10 more than in May, and the same number as sold in June 2015, according to The Beacon Report.


Source: BB Real Estate – listStories1

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