The same factors that have affected area real estate for the last few years—limited inventory and an influx of new people to the area—are still in play. According to Business Oregon’s website, which gets its information from the Bureau of Labor, Bend’s current median home price is $404,000 and the median household income is $60,404.At a real estate forecast breakfast this week, put on by the Central Oregon Association of Realtors, Hayden Homes’ Geoff Harris said that someone earning $60,000 per year is about $140,000 short of being able to afford the median house cost. Molly Brundage, with BrundageSmith real estate, said there’s only one house in Bend that’s currently for sale under $300,000, which is still too expensive for a standard household. [MORE: Go to link here]
