All information is according to the Bratton report, produced by Bratton appraisal.
The 10/08/08 Bratton report shows some promising signs for the Bend real estate market. The median home sales price is now down to $276,000 in the month of September. The report states that we currently have a 15 month supply of home inventory, that's 1464 homes on the market in Bend (only including stick built homes and not including townhomes, manufactured homes, and acreage).
120 homes sold in September of 2008 with a median days on market time of 114 days. 76 of these homes were sold for less than $300,000 while 3 homes sold for more than $1,000,000.
In Redmond, there were 40 homes that sold with a median price of $204,000. The median days on market for sold Redmond homes is 129 and the median price per square foot is $117.
If you have any questions about the Central Oregon real estate market, please contact me.