In Central Oregon, 2025 has brought a noticeable shift: a recalibrating housing market where some homes command fanfare and disappear in days, while others linger beyond the norm. Understanding why comes down to inventory and differentiation.
Inventory Is Up—But Not Uniformly
In Bend, the supply has climbed to approximately five months — a high not seen since 2013. That might signal balance, but in nearby Redmond, inventory remains tighter, around a three-month supply. Meanwhile, smaller towns like La Pine and Sisters are still seeing slower movement.
Days on Market Vary Sharply
In June, Bend’s median days on market rose to about 24, compared to just 10 days around the same time in 2024. Reductions aren’t framebreaking, but homes are taking notably longer to move than the blistering pace of the recent past. Even within Deschutes County, homes take on average 138 days to close in aggregate, though about 43% still sell within 30 days, and others stretch past 90 days.
What Sells — What Doesn’t
A clear pattern emerges: wellpriced, turnkey homes in desirable areas still sell within days. In Bend, April’s houses averaged just 32 days on market, with Sunriver homes closing in as few as 7 days. On the flip side, listings that are overpriced, outdated, poorly presented or stuck in less competitive segments slow to a crawl, with price reductions becoming more common. For sellers, nearly 20–23% of homes had to reduce price in June.
Buyer Behavior & Economic Context
Mortgage rates in 2025 remain elevated hovering between 7 % and slowly easing toward 6 -6.5 %. That affordability pressure has slowed buyer urgency and increased pickiness. Buyers are now concentrating on moveinready homes.
Why Some Homes Fly Off the Market
Accurate pricing: Aligning list price with comparable recent sales is key. Homes priced too high often languish.
Appeal and condition: Updated kitchens, staging, curb appeal and professional photos make a difference.
Location and buyer priorities: Proximity to trails, open space, quality schools and layout (home offices/RV storage) matter more than ever.
Clean marketing presentation: Sellers who invest in a polished, moveinready image attract multiple offers — sometimes above asking.
Why Others Drag On
Overpriced: Stale listings that fail to adjust effectively.
Homes needing updates or extensive work: Buyers in this rate climate shy away from.
Less strategic marketing: Poor staging, mediocre photography, or outdated aesthetic discourages showings.
Less attractive segments: Lowerdemand locations or unconventional layouts may require longer exposure.
Bottom Line: Central Oregon remains active in 2025. The advantage now lies with prepared buyers and strategic sellers. Now more than ever, both Buyers and Sellers should rely on experienced Real Estate Professionals to help navigate this market to achieve their best desired outcomes.
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