Sales of stick built homes on less than one acre in the Bend area increased 14% in May from a year earlier. 122 sales were reported to the MLS of Central Oregon last month, compared to 107 in May of 2008.
The time it took to sell a house also improved, with the median time on the market for sales closed in May totaling 106 days, versus 164 days a year earlier.
The median sale price for homes sold in May was $217,450, down 28.7% from May 2008. The median price increased from April's $195,000 and from $215,000 for houses sold through the first 4 months of the year however.
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