More sales of single family homes, but at a lower price in Bend

While 1 in 5 homes were listed for more than $1 million, there is an eight-month supply of single-family homes for sale in Bend in the $1.6 million to $1.8 million price range, according to the report. In Redmond, there was a six- to seven-month supply of homes for sale in the $650,000 to $800,000 price range.

In Bend, the median sales price of a single-family home was $707,000 in April, a $46,000 drop from the month prior, according to the Beacon report. For the second month in a row, there remains a two-month supply of homes for sale in Bend.

In Redmond the median sales price of a single-family home was $533,000, just a smidge below the median sales price in March when it was $537,000, according to the report.

Since December, the median sales price of a single-family home in Redmond has remained above the half million dollar range, according to the report. For the past two months there remains a three month supply of homes on the market.

A balanced market for buyers and sellers is achieved when there is about a six month supply.

In Sisters, the median sales price for a single-family home was $715,000, down a tad from March when the median sales price was $732,000, according to the report. In Sisters, there was a 2½-month supply of homes on the market in April.

In Sunriver, however, the median sales price increased to $1.02 million in April, compared to $705,000 in March, according to the report. Sunriver had a three-month supply of homes on the market, the same as it was the previous month, according to the report.

And in La Pine, the median sales price of a single-family home was $425,000 in April, compared to $365,000 in March, according to the report. La Pine continues to maintain a four month supply of homes for sale.