Central Oregon Market Report - April 2, 2025

Greg Powell
Apr 1
2 min read

NEW LISTINGS ABOUT BEND MARKET STATS BACHELOR WEBCAM

Take a look at the graphs above. One shows annual home sales on a national level and the bottom two show listing inventory and pricing in our local (Bend) market. After the spike of sales we saw in 2021, there's been a sizable correction in the market that most people have felt, but I'm not sure they fully comprehend. When we hear discussions of the market dropping, we automatically relate it to the 08' financial crash and dooms day. What we are seeing now is a bit more complicated (in a good way;) The overall amount of homes being sold has dropped off in the last few years, making a sale more difficult, but prices and values are holding strong for homeowners.

I use the bottom two graphs to keep an eye on supply trends and what seller expectations are vs. reality of closing sales. Looking at supply trends and pricing expectations is key to staying ahead of the curve and positioning your property to sell. Right now, active and new listings are following their seasonal upward trend and are outpacing sold listings, signaling a potential increase in inventory. Interestingly, while homes are selling for less than their active listing prices, new listings are entering the market at even higher price points. This suggests that sellers may have higher hopes for their home value than what buyers are currently willing to pay. This doesn’t indicate a "bad" market—rather, it’s a natural re-balancing and deceleration phase, so the market can catch up. Right now is the time for both buyers and sellers to take a look at the larger picture and make informed decisions. If you have plans to move this Spring, let me know if you'd like some advice! - Greg

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