Central Oregon Market Report - April 9, 2025

Greg Powell
Apr 8
2 min read

There's a lot happening in the economy and headlines right now and home Buyers/Sellers are gauging what our market might look like in the coming months.

NEW LISTINGS ABOUT BEND MARKET STATS BACHELOR WEBCAM

📉 Market Update: Uncertainty & Tariffs Stir the Pot

There’s a lot happening in the market right now — and not all of it’s settling. Talk of new tariffs has rattled the economy, pushing mortgage rates back up to around 7%, after briefly dipping into the mid-6% range last week. Consumer confidence is down, and many buyers are hitting pause on big financial moves like home purchases. The Fed isn’t expected to discuss rate cuts until at least June.

🏡 Central Oregon Snapshot

Locally in Bend, median home prices ticked up month-over-month, but are still down 1.4% compared to this time last year. After a big rush of new listings in January and February, new inventory has slowed recently — though we expect that to shift again as spring gains momentum.

Pending sales are down year-over-year, signaling that buyer demand may not be keeping pace with growing inventory. If this continues, we could see prices level out — or even dip a bit — as the season unfolds.

🧭 What This Means for You

In times of uncertainty, knowledge is power. Whether you're thinking of buying, selling, or just watching the market, I'm always here to help you stay informed and make smart decisions.

Let me know if you'd like to talk! - Greg

What's new with Mortgage Rates?