Sisters saw the largest increase in median home sales price year-over-year in the third quarter, according to the Central Oregon Association of Realtors.
The median sales price of a home in Sisters reached $429,887, an 18.2 percent increase over third quarter 2015, according to an association news release issued Wednesday. Redmond showed the next highest year-over-year increase at 17.9 percent, with a median home sale price of $271,250 in the third quarter, according to the association.
Sunriver had the second highest median sales price in the third quarter, $389,000. The median sales price in Bend reached $379,000 in the quarter.
The association reported a year-over-year decline in the number of homes for sale in most areas and an increase in the total number of homes sold, which indicates the trend in increasing home prices should continue.
However, the number of new listings increased everywhere but Sisters and Sunriver over the third quarter 2015. Sixty percent of all new, third-quarter listings were above $297,000; in Bend, 40 percent were over $430,000, according to the Realtors’ association.
— Bulletin staff report