Median Home Prices Rise

The median price for a single-family home in Bend rebounded a little in December, and Redmond's median increased slightly for the second straight month, according to figures released Wednesday by the Bratton Appraisal Group.
In Bend, the median price reached $184,000, an $18,000 increase over November's median, which was the lowest in more than six years, according to the Bratton Report. Last month, 140 single-family homes sold in Bend, and inventory as of Wednesday stood at 3.5 months, according to the report, which uses data from the multiple listing service of Central Oregon.
Redmond's median price for a single-family home last month reached $129,000, about $6,000 more than November's price, according to the report. Sixty-three single-family homes sold in December, and Redmond's inventory was about three months.