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Bend, OR Real Estate News

By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Don't be scared of a tough listing — sometimes the biggest fright hides the brightest opportunity.Every agent has that one listing that gives them chills. You know the type — the one that lingers on the market while others fly off the shelf, the one buyers love online but vanish after the showing. For one Bend agent, it felt like the house itself was haunted.A Spooky ReputationPerched on a quiet, tree-lined street, the craftsman looked perfect from the curb. But once inside, visitors whispered that "something felt off." Lights flickered during showings. The air felt drafty. Doors creaked when no one was near them. Word spread quickly — the house was haunted!Before long, even seasoned buyers hesitated to schedule tours. The seller was frustrated, the listing grew stale, and the agent beg...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
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 sellers in accepting buyer's terms and prices resulted in an increase in pending sales, an increase in closed sales, and a lowering of original sales price. This is great news for Bend home bu...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Its a Mixed Market for Bend Home SalesAugust 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, the following changes can be noted for Bend single family home sales on less than an acre: Median sales price up 8.3% to $768,913 Closed sales up 8.2% to 172 New...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
It is Taking Longer to Sell Bend Homes Summer is traditionally the peak selling season for Central Oregon homes. For home buyers looking to buy a Bend home before school starts, July is usually the month when many purchases happen, with August the month for closing these sales and new owners moving into their new homes. While July 2025 has followed these trends to a certain extent, the change in the market with high mortgage interest rates limiting buying power, it has become a price driven market with sellers recognizing that if they really need to sell, the asking price has to match today's market and not that of previous years. July 2025 also saw a market in which some sellers pulled their listings rather than wait for a buyer, becoming discouraged with lack of a sale and hoping the...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What Happened With Bend Luxury Home Sales the First Six Months of 2025? 2025 has been a year so far that has seen a significant increase in real estate inventory across the country. The greatest increase in inventory in Bend has happened in the second quarter, although there was movement in the first as well. For the high end market, the increase in listings has resulted in many more options for would-be Bend home buyers. And buyers have become very discerning in their choices. Days on market have increased as have months of supply. Many sellers who wanted to test the market or wanted to list their home at a price to provide room for negotiation may have been disappointed to receive no offers, or even worse, no showings. With million dollar plus inventory levels up over 70% in the firs...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Its All About Price for Bend Home Sellers In a transitioning real estate market where home buyers all of a sudden have many choices, it comes down to asking price in whether or not home sellers have showings, much less offers. For Bend home sellers who experienced multiple offers with less than a month of supply (sometimes less than two weeks) pushing home prices upwards during the Covid Pandemic, this change to the Bend real estate market can be challenging; adjusting to a more balanced market can lead to frustration and disappointment, but for sellers who are willing to revise their asking price based on current market conditions rather than what the reality was five years ago, success in offers and closed sales can result. For home buyers, the multiple options available can provide ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Is Bend Moving Into a Balanced Market? The May data has been published and for those who are familiar with Bend Oregon real estate trends, the increase in the numbers of active listings is significant. May traditionally has been a month with a surge in new listings with sellers getting ready for the peak summer selling season. However, in May 2025 there was a huge 42% increase in active inventory year over year. With these numbers, Bend is now trending close to a balanced market with months of supply approaching 5 months. When May 2025 is compared with May 2024, the following changes can be noted for Bend single family home sales on less than an acre: Median sales price up 2.6% to $774,250* Original median listing price up 4.7% to $874,000 New listings up 3.6% to 285 Homes for sale up ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Inventory is Up With Closings DownThe data has been published and the early spring trends year over year for 2025 reflect Bend's single family home real estate market with prices still rising, inventory up considerably, pending sales up, days on market up, and overall closings down.The increased inventory has provided more options for Bend home buyers and many sellers are willing to negotiate price and terms in order to get their property sold. Those sellers unwilling to do this are often finding their property sitting with little activity. The importance of hitting the market with correct pricing, top photography, top staging, and top curb appeal right from the start has become more important than ever. And those home sellers working with knowledgeable brokers should be heari...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Lava Butte is Located Just South of Bend Lava Butte is part of the Lava Lands Visitor Center which is the interpretive hub for Newberry Volcanic National Monument. Located just south of Bend on the west side of Highway 97, the Visitor Center is closed from the middle of October through the beginning of May. However, the parking lot remains open year round (snow permitting) for people who hike the 5.5 mile Sun-Lava paved path over the lava fields or hike the 3.3 mile round trip up Lava Butte. The road up Lava Butte is traveled by a shuttle during the summer, but during the off season a gated fence stops vehicles from making the trip. However, hikers and bicyclists can access the butte through a person gate in the fence and enjoy the trek up the butte and views from the top. Those who wa...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Prices Appear to be Leveling OffSpring 2025 has begun with many economic and political changes within the country. The uncertainty of tariffs and the stock market may ultimately result in a pull back in home sales. However, the beginning of April has had strong real estate sales for Bend Premier Real Estate brokers. It could be with people not having confidence in the stock market, the proven reliability of real estate to consistently gain value over time coupled with more certainty in mortgage interest rates leveling or even dropping could result in a boom in Bend home sales. The next few months could be a roller coaster, or perhaps a more steady-as-she-goes market.For Bend home sales, March of 2025 compared to March of 2024, the data reflects the following changes: Homes sol...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Real Estate Inventory is Way UpThe real estate trends for Bend single family homes are reflecting a changing market. Sales are dependent upon a mortgage interest rate that works for the majority of home buyers, but also upon available homes from which to choose. February 2025 saw a shift in both categories with a large increase in home inventory as well as a more moderate reduction in mortgage interest rates. Buyers are finding many more homes on the market that may meet their search criteria. Sellers are finding that in order to make their home stand out, pricing the home correctly right from the start can be the difference between selling quickly and sitting on the market.When February of 2025 is compared with February 2024 for Bend single family homes on less than an acre, the f...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What Happened With Bend Luxury Homes in 2024? 2024 was a year that reflected changes for Bend Oregon real estate. The high end luxury home market had more listings and more activity in 2024 compared with 2023. In particular, homes listed in all categories over $1,000,000 had strong sales with the only exception in the $1,300,000 to $1,599,999 category in which there was a 14.4% decrease in home sales. In this same category, days on market were up over 113% with an increase of 85% in months of supply (up to over 5 months). Based on an earlier 2024 review of the Bend luxury market, it was determined that many listings taken in this price point required price reductions, sometimes significant reductions, in order to receive offers. Despite this anomaly, overall more listings in almost all...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
2025 Bend Home Sales Have Started Off With a BangAfter the slower market traditionally experienced in December, Bend home sales started 2025 with an strong uptick. Many home sellers are no longer waiting to spring to list their properties, and many buyers are back in the market, despite the 30 year mortgage rate near 7%. Both new listings and new sales were significantly up in January 2025 compared with the previous year.Historically, during a presidential election year, home sales slow across the country. However, according to the Department of Housing and Urban Development (HUD) and the National Association of Realtors (NAR), home sales have increased the year after nine of the last eleven presidential elections (the exceptions were in 1981 and 1989). If this trend holds true in Centr...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's in the January 2025 Bend Premier Newsletter? More Inventory and Moderate Price Increase the Norm in 2024 Creamy Mushroom Pasta Cozy Ideas to Transform Your Living Room This Winter Hike Smith Rock for a Winter Challenge Get Ready to Sell a Home in 2025 Check out more newsletters at Bend Premier Real Estate's website. 
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
More Bend Home Inventory and Moderate Price Increases Were the Norm for 2024 Sales 2024 Bend home sales experienced modest price increases for the year, but Bend home buyers were fortunate to have more options. Sellers who had hesitated putting their property on the market during Covid and following when mortgage interest rates were close to 8% finally had more inclination to do so when mortgage rates dropped to the mid 6% range during the summer of 2024. Delayed moves which were offset by high mortgage rates for a subsequent purchase finally made sense when rates dropped. Although there was an increase in home prices and sales for Bend single family homes, it was modest. With more inventory on the market, Bend home buyers could be more discerning with their purchase and homes which we...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
More Inventory Means More Choices for Bend Home BuyersThere are more homes on the market for potential Bend home buyers to choose from than there were at the same time last year. With more inventory, there has been more motivation for sellers to negotiate price and terms with buyers. This in turn has resulted in homes selling for less than asking price, often after price reductions in order to generate offers. While the overall sales price is up slightly over the same time last year, the months of supply is up over 11%.When the data from November 2024 for Bend single family home sales on less than an acre is compared with those from November 2023, the following changes can be seen: Average sales price up 4.1% to $888,821 Median sales price up 2.6% to $711,875 New listings up 29.5% to 11...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Prices Up In October The trend seen over the past four months changed in October when year over year Bend home prices rose rather than fell. Both average and median Bend single family home sales prices were up, perhaps a reflection of lower interest rates seen in September which enabled more home buyers to purchase higher priced homes or an unusual anomaly which was reflected with a large number of million dollar plus homes (over 35% of total home sales) closing. Typically in the fall, home sellers which did not sell their properties during the summer peak selling season will often discount their asking price - often generating offers. Of the sixty Bend homes that closed in October for over a million dollars, forty-seven closed significantly under their original asking price ...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Luxury Home Inventory is Up For Bend buyers looking for their ideal luxury home, there was a significant increase in the number of homes for them to pick from in 3rd quarter 2024. When we look at Bend million dollar homes, the categories of homes for sale over $1,300,000 had anywhere from 45% to 89% more listings for buyers to consider. It appeared that more sellers were willing to list their property in 2024 than in 2023, perhaps tied in with lower mortgage interest rates experienced in this time period; the cost to sellers for their financed replacement home would be less with lower rates, often making the seller determine that the time to list was then. Is it a Seller's Market for Bend Luxury Home Sales? We are seeing changes in the Bend high end market. Homes that sold quickly...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
Bend Home Sales Up With More Inventory and Lower Mortgage Rates It appears that the tide has turned and Bend home buyers are now experiencing lower prices, more choices with more inventory, and better interests rates. This has enabled more buyers to enter the market and more sellers to have confidence listing their home, knowing that their replacement property will cost less than it did just six months ago. This has generated more early fall business than we normally see and a more balanced Bend real estate market. When September 2024 is compared with September 2023, the following changes to Bend home sales can be noted: Average sales price down 11.3% to $837,153* Median sales price down 4.7% to $713,500 Original list price down 4.3% to $882,186 Median sales price down 2.8% to $737,400...
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By Lynnea Miller, Premier Real Estate Service in Central Oregon
(Bend Premier Real Estate)
What's in the September 2024 Bend Premier Real Estate Newsletter? Are Lower Mortgage Rates Spurring Bend Sales? Summertime Fruit Salad 10 Things to Do in September Take the Climbers Trail to Middle Sister Early Forecasts for the 2025 Housing Market See Bend Premier Real Estate for more great blogs.
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