Median home prices in Bend and Redmond dropped in August, according to a report issued Tuesday by Bratton Appraisal Group.
Bend’s median single-family-home price dipped to $265,000 last month, down from $280,000 in July. The median hit a five-year high of $281,000 in June, Bratton data show. The median price in August 2012 was $235,000.
Median prices in Redmond dropped to $180,000 in August, down from $185,000 in July.
The 79 homes sold in Redmond last month represented a three-year high. In Bend, sales reached 222 single-family homes in August. More than 200 homes have been sold in Bend each month for the last four months, a pace the city hasn’t seen in at least six years.
— From staff reports