Prices of Bend area homes have actually been falling for the past several months. It's just taken the "median priced" statistic method a while to start showing it. There are several factors that have falsely shown prices to remain high. One is that new homes are larger square footages. Another is that there have been fewer less expensive homes (glut) selling. So that shows a higher median priced home. Prices will continue to fall this spring so it's a good time to be shopping around for a good buy. Here's a great buy on Bend's Westside on 2.5 acres.
http://www.distinctivehometours.com/tour.asp?tour=bridle
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