After dipping in April, home sales in Bend rebounded in May, increasing 8.7% from a year earlier. In addition, prices were nearly identical to May 2010.
162 home sales were reported to have closed last month, according to data from the MLS of Central Oregon. A year earlier, 149 houses were sold. In April, only 133 closed sales were reported.
The median sale price in May was $185,000 ($100.16/sf) versus $186,000 ($100.92/sf) for the same period in 2010. Though the price paid per square foot for May sales is down from April's $107.65/sf, it is slightly higher than the average paid through the first 4 months of the year, when the price per square foot was $99.06/sf.
Contact me today to find out what your house is worth in today's market or to get started on your search for a new home.
