Single family home sales in Bend slowed from a year earlier in June, while prices continued to show some stability. 139 closed sales were reported to the MLS of Central Oregon last month, compared to 152 a year ago. The median sale price was $210,000, down 3.21% from June 2010. On a square foot basis however, prices increased 6.21% to $116.67/sf.
The number of closed short sales increased 23.33% and were more common last month than bank-owned foreclosure sales, which declined 32.5% from a year earlier. Short Sales accounted for 26.6% of all stick-built, single family homes in Bend last month, while foreclosures made up 19.4%.
