The housing market in Bend may indeed be finding its footing. 94 closed sales of houses on less than 1 acre have been reported so far in June. May's final number came in at 106 closed sales. I would suspect we'll see at least a few more closed sales for June logged over the next few days.
Prices too seem to be leveling off after months of decline. The median price of a home in Bend on less than 1 acre sold in June was $315,000 with 1916sf. In May, the median sold price was $302,500 and had 1954sf. So we actually saw the $/sf price increase from $154.8 to $164.4.
I'll report back next week to see how the final numbers turn out.
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