Sales of existing homes on less than 1 acre in Bend in October were close to the number recorded a year earlier.
As of today, 75 sales have been reported for October. And with the month ending on a Friday, I expect to see a few more October sales reported next week. 83 houses were reported sold in October of 2007.
In addition, the median sale price per square foot of houses on less than one acre actually increased in October from a year earlier, from $161.2/sf to $161.8/sf.
Though one month is hardly a trend, these are more signs that we just might be bumping bottom on the housing market slowdown.
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