Median home prices continue to climb

Bend’s median hit $325,000 last month; Redmond’s reached $210,000

Published Sep 24, 2014 at 12:01AM

Area housing prices on rise

Median prices for single-family homes in Bend and Redmond increased last month, 2.5 percent and nearly 4 percent, respectively, over July’s prices, according to the latest report from the Bratton Appraisal Group.

In Bend, the median price for a single-family home rose to $325,000, according to The Bratton Report. Sales of single-family homes in Bend dropped nearly 6 percent, to 223, in August. Inventory stood at about four months as of Sept. 10, the date of the report. The bulk of the inventory, 125 homes, lay in the $250,000 to $300,000 range.

In Redmond, the median price of a single-family home increased to $210,000 in August over July. The report also found sales of single-family homes in Redmond rose from 80 to 85, or 6.25 percent, over July.

Redmond’s inventory also stood at about four months, as of Sept. 10, with the majority of homes on the market, 77, in the $200,000 to $250,000 range, according to the report