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.

A few years ago, homes were flying off the shelves and getting multiple offers well over their asking price. It felt like you could name your price and still have buyers lined up at the door.

But today's housing market is different. Buyers are getting more selective now that inventory has grown. Homes are sitting a little longer. And more sellers are having to cut their prices.

So, how do you still come out on top? It all starts with one thing, pricing your house right from the start. Today, that matters more than ever – and it can make or break your sale.

There's a Real Price Disconnect Between Buyers and Sellers

A recent survey from Realtor.com shows 81% of home sellers believe they'll get their askin...

Click Here to Read More...

Hike to Paulina Falls in the Winter for a Unique Experience

Once the roads into the high Cascades have been closed for the winter, there are more limited hiking opportunities for Central Oregonians. However, one favorite hike is close to La Pine state park and on the road to Newberry Crater. This is the Peter Skene Ogden trail which follows Paulina Creek all the way to Paulina Lake. Hikers can take the trail as far as they wish, although during winters with heavy snow, it can be challenging and snow shoes would be recommended.

November 2, 2024 was scheduled to be cloudy, but dry. The lower elevations of Peter Skene Ogden Trail had patchy snow, but it was easy walking.

Two and a quarter miles into the hike, the second large, "twin" waterfall is passed and then the hike steepens until the bridge is reached which crosses over Paulina Creek. Past the bridge the snow deepened and hikers without snowshoes had to post hole in soft snow to get any further. 

The path also steepens past the bridge and there was more accumulated snow. Central Oregon typically doesn't get a lot of snow early November, but 2024 was different with the snow depth on Peter Skene Ogden Trail over a foot at Paulina Falls. With more snow falling and the trees covered in a snow blanket, it was truly a winter wonderland with no other hikers seen. The entire hike up and back was just under twelve miles and over 1500 feet of elevation gain.

Is Central Oregon Real Estate Moving to a Balanced Market?

In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would be less and the delayed move they planned on taking could finally happen.

Central Oregon Market Trends 2nd Quarter 2024