Posts in category 'Bend Oregon Real Estate Trends'

Buyer Activity Picks Up as New Listings Fall Sharply

November brought a shift in the Bend real estate market: strong buyer interest paired with a significant drop in new listings. Pending sales saw a sizable jump from one year ago, even though closed sales held flat and overall pricing trended slightly lower. With fewer homes hitting the market, buyers had to act quickly on the most desirable properties, while sellers benefited from motivated purchasers—even if final sale prices continued to come in below original asking.

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Who Hit the Pause Button?

Winter has arrived in Bend, and with it, the market slowdown we expect every year. The difference this December is subtle but important: the pace has eased, yet the underlying fundamentals remain surprisingly resilient. Whether you're gearing up to buy in early 2026 or preparing your home for a spring listing, here's what you need to know about the latest market trends.

New Listings: A Seasonal Retreat

New listings slid again this month — roughly 20% fewer year-over-year. Not surprising for December.

Bend homeowners tend to wait out the holiday season, choosing to list once we hit clearer skies, longer days, and stronger buyer activity. Sellers are preparing for the traditional early-year surge, and many are waiting for the right moment to re-enter the market.

How long will they wait?

Typically just a few more weeks. January and February bring a substantial inventory rebound.

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A Cooler Fall Market Emerges for Bend Home Sales

October brought signs that the Bend real estate market is continuing to find balance as the year winds down. While closed sales and overall sold volume rose modestly from a year ago, several key indicators—such as new listings, pending sales, and median home price—show the market is cooling after a busy late-summer season. With homes taking longer to sell and buyers showing more caution, Bend's fall housing market reflects a shift toward more normal seasonal behavior after several years of atypical trends.

When comparing October 2025 to October 2024 for Bend single family home sales on less than an acre, the following changes can be noted:

• Median sales price down 3.1% to $770,000

• Closed sales

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Lower Mortgage Interest Rates Are Making a Difference for Bend Home Sales

For many Bend real estate brokers, the first half of 2025 had mixed sales results. Home prices moderated, and inventory levels increased. With more homes on the market, buyers had more choices. However, high mortgage interest rates kept many would-be home buyers off the market. Home sales proceeded through the summer at a relatively lower pace than was typical for Central Oregon.

However, the market changed in September. In the beginning of September, mortgage rates dropped below 6.5%. This coupled with more motivation from

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Its a Mixed Market for Bend Home Sales

August is usually a month where home buyers with young children close their purchases and get settled before school starts. It is also a month in which sellers who didn't sell their properties during the peak summer selling season consider their next options. Often, for those who really need to sell, lowering the asking price can be the answer. For others, taking their property off the market may make more sense. However, in 2025, the August Bend home sales reflected a mixed market with prices up, closings up, inventory up and days on market up.

When August 2025 is compared with August 2024, th...

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