Sales of stick built houses on less than one acre in Bend increased 46.8% from a year earlier in March. Prices declined just 1.5% year-over-year.
138 houses were reported sold last month compared to 94 in March 2009.
The median sale price per square foot was $109.83, versus $111.53 a year earlier.
With 739 houses currently listed for sale, the inventory of homes for sale is currently 5.36 months. 6 months of inventory is generally considered to indicate a balanced market.
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