Central Oregon Real Estate Market Update – June 2025

Shifting Toward Balance Amid Rising Inventory and Slower Sales

If you’ve been watching the Bend real estate market, June 2025 offered some clear signals: the market is cooling off from the rapid pace of previous years and moving toward a more balanced environment. With higher inventory, longer days on market, and steady pricing, both buyers and sellers have new dynamics to navigate. Let’s break down the latest trends.

📈 Inventory on the Rise

The most notable change this month is the increase in active listings.

• Bend had 75 active homes on the market, a modest 1.4% increase from May.

• Deschutes County listings reached 1,543, an 8.9% jump month-over-month.

This growing inventory is giving buyers more options and forcing sellers to be more strategic with pricing and presentation.

⏳ Homes Taking Longer to Sell

The average Days on Market (DOM) rose significantly in Bend, jumping from 56 to 81 days — a 44% increase in just one month.Here’s how June sales in Bend played out:

• 43% sold in under 30 days

• 14% sold between 30–90 days

• 43% took longer than 90 days

Across Deschutes County, the average listing age was 138 days, though this actually represents a 14% decrease from last year.

💰 Median Prices Stay Steady (For Now)

In Deschutes County, the median list price in June was $699,700, a 4.4% increase year-over-year.

Noteworthy price trends:

• 1-bedroom homes: Up 16.3% YoY (approx. $450K)

• 4-bedroom homes: Up 23.3% YoY (approx. $950K)

• Bend’s non-acreage homes: Held steady around $775K, aligning with 2022–24 levels

Despite more inventory, sellers have been cautious with price drops — although price reductions are increasing, suggesting buyers may gain leverage.

📉 Sales Volume Down

Only 7 homes sold in Bend in June — a 22.2% decrease from May. County-wide, 11 homes sold, with:

• 55% selling in under 30 days

• 27% taking more than 90 days

This trend suggests that although buyers have more options, high interest rates and affordability concerns are slowing decisions.

🏦 Mortgage Rates Impacting Activity

With 30-year fixed mortgage rates hovering around 7%, affordability remains a key concern for many buyers. This has contributed to more cautious home shopping and longer listing times. Sellers are responding — price reductions increased by around 23% month-over-month.

🧭 What This Means for Buyers and Sellers

Buyers	Sellers
More choices and negotiating power	Must price homes competitively
Better leverage on price and terms	Staging and presentation matter more than ever
Less urgency — but risk of price rebound if you wait	Properly priced homes still sell, though more slowly

June 2025 marked a clear pivot in Bend’s housing market. With more homes to choose from and rising time on the market, buyers have regained a bit of control — while sellers are having to be smarter about pricing and presentation.

If you’re a homeowner thinking about listing or a buyer wondering whether to make a move, now’s a great time to explore your options and build a smart strategy.

Need help analyzing the market or preparing your home? I’m here to help — let’s talk.

FAQs

Q: Why is inventory rising?

More homeowners are listing as the market cools and seasonal timing kicks in. Some are adjusting expectations with price reductions to stay competitive.

Q: Are longer days on market bad?

Not necessarily — they reflect a healthier pace. The frenzy of 2021–2022 has subsided, and buyers are taking more time.

Q: Is it a good time to buy in Bend?

If you’re financially prepared and find a home that fits your needs, now may be a great time — you’ll face less competition and can negotiate better terms.

Q: Are price drops happening often?

Yes. Around 20–23% of listings experienced price cuts in June, especially for homes that lingered without updates or effective marketing.

Q: Is Bend still a seller’s market?

We’re in a transition. While some price brackets still lean toward sellers, the overall market is trending toward balance.