Monday, July 12, 2010

Traditional Transactions Lead Home Sales Higher

Home sales in Bend increased 9.35% in June from a year earlier.  Although sales volume has been increasing on a year-over-year basis for several months now, what makes June's numbers more remarkable is that traditional sales accounted for the entire uptick last month.  In fact, both the number of bank-owned transactions and short sales declined in June from a year ago while traditional sales increased by more than 22%!

The price per square foot paid for homes sold last month was down 3.21% from 12 months ago but, at $109.63/sf, last month's median price per square foot price is 4.7% higher than the $104.74/sf for sales through the first 5 months of this year.

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