Now that the market is slowing down, homeowners who haven't sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market.
And if you've made that same choice, you're probably frustrated things didn't go the way you wanted. It's hard when you feel like the market isn't working with you. But while slowdowns can be painful in the moment, history tells us they don't last forever.
This isn't the first time the housing market has experienced a slowdown. Here are some other notable times when home sales dropped significantly:
Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place.
But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And that may finally make it a bit easier to plan your move.
Over the past year, mortgage rates have had their share of ups and downs, making it tough for buyers to know what to expect. But recently, rates have started to level out and have settled...
Click Here to see the Q2 Market Trends for Bend Real Estate and Redmond Real Estate, as well as the Q2 real estate trends in Sunriver, La Pine, Sisters, Prineville, Madras, Powell Butte, and Black Butte Ranch. In Q2 2025, the Bend Oregon Real Estate market and surrounding communities experienced a change, typically seeing a significant increase in inventory year over year with more homes, more new listings, and consistently more days on market. Buyers had more choices with the increased number of homes for sale and sellers were more inclined to consider offers under asking price. The number of listings grew, days on market increased in many markets, and prices decreased slightly in the larger markets of Bend and Redmond. However, despite the increased number of homes for sale, Bend, Redmond, Sisters, Prineville and Madras reflected a seller's market, although much less strong than in earlier quarters; Black Butte Ranch, La Pine and Sunriver were in a balanced market with Powell Butte in a very strong buyer's market with 32 months of supply.
A Bend Premier real estate broker understands the local market trends, which is crucial to properly representing buyers and sellers. We can provide insights into which areas are popular, price trends, and the average time properties stay on the market. We can also provide you with access to listings that match your criteria, some of which may not be widely advertised. We also have the first word on properties about to hit the market, giving you an edge in a competitive market.
To learn more about buying or selling Bend real estate, contact one of our Premier Agents at (541) 323-2779 any day of the week.
For those who are looking for a Bear grass hike in Central Oregon, Patjens Lakes Loop Trail is hard to beat the end of June 2025. When hikers leave Hwy 20 to drive to the paved trailhead near the end of Big Lake Road, blooming Bear grass can be seen on each side of the road, a great indicator that the hike has a significant amount of it seen during the trek. Patjens Lakes Loop Trail runs adjacent to Big Lake at Santiam Pass before it leaves the lake to run south into the Mt. Washington Wilderness where it skirts the 4 small Patjens Lakes before returning to the starting point next to Big Lake. There are still signs of the B & B complex fire of 2003 which burned over 90,000 acres in the Mt Washington and Mt Jefferson Wildernesses, running along the crest of the Cascades. However devastating the fire was to the area, the burned areas provided more growing areas to sun-loving plants, such as Bear grass.
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Areas untouched by the fire retain the lush undergrowth and tall trees of most Western Oregon old growth forests, complete with shade-loving plants and many birds. The last two miles of the hike, however, are in the burned area. Part of the path climbs a ridge from which hikers have amazing views of the Three Sisters, Black Crater, Hoodoo Ski Area, Three Fingered Jack and Mt. Washington. The slope of this ridge is covered with Bear grass and the Cascade views would not be evident had the area remained unburned.
The entire hike is under 7 miles with a little over 700 feet of elevation gain, considered by many a moderate route.
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