Monday, April 7, 2008

March Numbers Show More Buyers, Lower Prices

89 single family homes on less than an acre were reported to have closed escrow in the greater Bend area in March. The median sale price was $293,000 or $159.1/sf.

33 more homes were reported sold in March than in February. Sales activity however was down substantially from a year earlier; 159 homes were sold in March 2007.

The median price a year ago was $358,000, reflecting a $/sf price of $182.7 per square foot.

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