Over the past few years, affordability has been the biggest challenge for homebuyers. Between rapidly rising home prices and higher mortgage rates, many have felt stuck between a rock and a hard place.

But, something pretty encouraging is happening. While affordability is still tight, mortgage rates have shown signs of stabilizing in recent months. And that may finally make it a bit easier to plan your move.

Mortgage Rates Have Stabilized – For Now

Over the past year, mortgage rates have had their share of ups and downs, making it tough for buyers to know what to expect. But recently, rates have started to level out and have settled...

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Click Here to see the Q2 Market Trends for Bend Real Estate and Redmond Real Estate, as well as the Q2 real estate trends in Sunriver, La Pine, Sisters, Prineville, Madras, Powell Butte, and Black Butte Ranch. In Q2 2025, the Bend Oregon Real Estate market and surrounding communities experienced a change, typically seeing a significant increase in inventory year over year with more homes, more new listings, and consistently more days on market. Buyers had more choices with the increased number of homes for sale and sellers were more inclined to consider offers under asking price. The number of listings grew, days on market increased in many markets, and prices decreased slightly in the larger markets of Bend and Redmond. However, despite the increased number of homes for sale, Bend, Redmond, Sisters, Prineville and Madras reflected a seller's market, although much less strong than in earlier quarters; Black Butte Ranch, La Pine and Sunriver were in a balanced market with Powell Butte in a very strong buyer's market with 32 months of supply.

A Bend Premier real estate broker understands the local market trends, which is crucial to properly representing buyers and sellers. We can provide insights into which areas are popular, price trends, and the average time properties stay on the market. We can also provide you with access to listings that match your criteria, some of which may not be widely advertised. We also have the first word on properties about to hit the market, giving you an edge in a competitive market.

To learn more about buying or selling Bend real estate, contact one of our Premier Agents at (541) 323-2779 any day of the week.

A few years ago, homes were flying off the shelves and getting multiple offers well over their asking price. It felt like you could name your price and still have buyers lined up at the door.

But today's housing market is different. Buyers are getting more selective now that inventory has grown. Homes are sitting a little longer. And more sellers are having to cut their prices.

So, how do you still come out on top? It all starts with one thing, pricing your house right from the start. Today, that matters more than ever – and it can make or break your sale.

There's a Real Price Disconnect Between Buyers and Sellers

A recent survey from Realtor.com shows 81% of home sellers believe they'll get their askin...

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Lava Butte is Located Just South of Bend

Lava Butte is part of the Lava Lands Visitor Center which is the interpretive hub for Newberry Volcanic National Monument. Located just south of Bend on the west side of Highway 97, the Visitor Center is closed from the middle of October through the beginning of May. However, the parking lot remains open year round (snow permitting) for people who hike the 5.5 mile Sun-Lava paved path over the lava fields or hike the 3.3 mile round trip up Lava Butte. The road up Lava Butte is traveled by a shuttle during the summer, but during the off season a gated fence stops vehicles from making the trip. However, hikers and bicyclists can access the butte through a person gate in the fence and enjoy the trek up the butte and views from the top.

Those who walk the 1/4 mile around Lava Butte's rim can read a lot about the geology of the area in the interpretive signs. Newberry Crater is the largest volcano in the Cascade Volcanic Arc, with an area of 1,200 square miles when its lava flows are taken into account; this area is larger than the state of Delaware. From north to south, the volcano has a length of 75 miles, with a width of 27 miles and a total volume of approximately 120 cubic miles. Over 400 lava buttes are part of the volcano, Lava Butte being one of them. From the top of the butte, many other cinder cones are visible, among the most popular for Bend residents is Pilot Butte located within the city limits.

Although not a long hike, the trek up Lava Butte provides for almost 600 feet in elevation gain along a paved road. For those who want more, there are many additional hikes in Newberry Volcanic National Monument which become available late spring/early summer.

Is Central Oregon Real Estate Moving to a Balanced Market?

In Q3 2024, the Bend Oregon Real Estate market and surrounding communities experienced a change, moving closer to a balanced market after many years of being a seller's market. The number of listings grew, days on market increased, but prices appear to have leveled off, at least within Bend and Redmond. In Bend, Redmond, Powell Butte and Black Butte Ranch, the number of sold homes increased as third quarter 2024 also saw mortgage interest rates drop. Outside of Redmond and Sunriver, all of the Central Oregon real estate markets saw an increase in new listings year over year, many above 20%. This can partly be attributed to sellers recognizing that with lower mortgage interest rates, the cost of their replacement property would be less and the delayed move they planned on taking could finally happen.