BendBend, Redmond median home prices decline a bit in May, as inventories...

Bend, Redmond median home prices decline a bit in May, as inventories edge upward

Bend, Redmond median home prices decline a bit in May, as inventories edge upward

REDMOND, Ore. (KTVZ) — It’s not a dramatic turnaround, but Bend and Redmond’s home prices did something a bit unusual in May — they fell, the Beacon Appraisal Group reported Tuesday.

The May figures showed Bend’s median home price dropped by $30,000, to $740,000 — actually the second straight monthly decline from the $773,000 record peak reached in March.

In Redmond, meanwhile, the median home sales price dropped $19,000 last month, to $519,000.

The inventory of Bend-area homes on the market rose to 1.3 months — still tight, but the highest level in nearly two years.

Here’s the full report:

The post Bend, Redmond median home prices decline a bit in May, as inventories edge upward appeared first on KTVZ.

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