Bend’s rapid home price rise took a pause in April, while Redmond set yet another record
REDMOND, Ore. (KTVZ) – Bend’s soaring home sales prices took a bit of a breather in April, while Redmond’s prices kept surging into record territory, the Beacon Appraisal monthly report said Tuesday.
The Bend area’s median home sales price, which jumped $33,000 to a record $773,000 in March, slid down by $3,000 last month, the report said.
Not true in Redmond, where the median sales price rose $18,000 to a new record of $538,000.
Appraiser Donnie Montagner said single-family home inventory levels rose slightly last month in both Bend and Redmond, but remained low, at around a one-month supply.
