BEND, Ore. (KTVZ) – The steady upward, record-breaking trend for Bend and Redmond home sales prices continued in October, as did the sales pace and record-tight inventories around the area, a report showed Saturday.
Bend’s median home sales price jumped another $13,000, to $560,000 last month, according to the report from Redmond’s Beacon Appraisal Group, based on Central Oregon Association of Realtors data. Bend’s sales price per square foot also smashed a record, jumping $15 to $279.
The days on market for Bend’s sold properties dropped from five days to a record-fast four days in October. The number of home sales in Bend, however, dropped for a third straight month, to 248, down 70 from the record set in July. And the monthly inventory also broke a record, down to just 0.4 of a month.
Appraiser Donnie Montagner noted also that the number of Bend home sales…