Posts with tag 'Awbrey Butte'

Wondering what to expect from the housing market in 2026? You're not alone. For the past few years, affordability has been the biggest obstacle between buyers, sellers, and their next move. High mortgage rates, limited inventory, and rapid price growth forced many households across Central Oregon to sit on the sidelines.

The good news is this: conditions are finally shifting. In 2025, affordability improved to its best level in three years, and most economists agree that progress should continue into 2026. That outlook is based on three fundamentals that matter everywhere—including Bend, Redmond,

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Bend Single-Family Home Market Trends: 2025 Year in Review

As 2025 wraps up, the Bend single-family home market shows a year defined by steady pricing, increased activity, and a slower pace than the year before. Compared to 2024, the market gained momentum in volume but continued to push back on pricing power and speed.

Here's how 2025 stacked up against 2024.

Prices: Flat, Not Falling — But Buyers Had Leverage

The median sales price ended 2025 at $734,950, up just 0.7% year over yea...

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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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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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