The pace of home sales in Bend continued on an upward trend in August, with 131 reported closed sales in the month. This represents an increase of 36.5% from August 2008.
The upswing in sales has been driven by lower prices, with the median sale price for homes sold last month down 21.7% from a year earlier, to $220,000.
Though down year-over-year, August's median sale price was above the median price for sales during the first 7 months of the year ($215,000) and higher than July's median sale price of $217,000. (April's median sale price of $195,000 was the lowest year-to-date, and the lowest since at least April 2005).
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