Bend area home prices continued to slip from summer’s peak in September, according to the latest report from Beacon Appraisal Group in Redmond.
The median sale price of a single-family home was $425,000, the Beacon Report stated. The September median price was 5 percent lower than the most recent peak, $449,000, reported in June, the report showed.
Last month’s median price was down slightly from August but still higher than September 2017, which was $418,000.
There were 195 single-family homes sold in the Bend area last month, and they spent an average 78 days on the market.
In Redmond, prices reached a new high for the area. The median price in September was $310,000, up slightly from $307,000 in August and 8 percent higher than $287,000 in September 2017.
The Redmond area saw 88 homes sold in September, and they spent an average 70 days on the market.