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n Central Oregon, the housing market has undergone a significant shift in 2025. While some homes are selling quickly and disappearing within days, others are lingering on the market for an extended period. The key to understanding this disparity lies in inventory levels and differentiation.
Bend's supply of homes has increased to approximately five months, a level not seen since 2013. However, nearby Redmond still struggles with a tighter inventory, around three months' worth of supply. Smaller towns like La Pine and Sisters continue to experience slower sales activity.
The pace at which homes sell varies significantly across the region. In Bend, the median days on market rose to about 24 in June, compared to just 10 days during the same period last year. While this is not a drastic reduction, it indicates that homes are taking longer to sell than they did in the recent past.
A clear pattern emerges: well-priced, turnkey homes in desirable areas continue to sell quickly. In Bend, April's houses averaged just 32 days on market, with Sunriver homes closing in as few as seven days. Conversely, overpriced, outdated, or poorly presented listings struggle to attract buyers and often require price reductions.
Buyer behavior has been influenced by elevated mortgage rates, which have slowed buyer urgency and increased pickiness. Buyers are now focusing on move-in-ready homes that meet their specific needs and priorities.
To sell quickly in this market, sellers must focus on accurate pricing, appealing presentation, and strategic marketing. Homes priced too high or in need of updates often languish on the market. Clean marketing presentation, including professional photos and staging, can make a significant difference in attracting multiple offers.
On the other hand, overpriced listings, homes requiring extensive work, and poorly marketed properties tend to drag on the market. Buyers are becoming increasingly discerning, prioritizing location, condition, and layout when making purchasing decisions.
Ultimately, Central Oregon remains an active housing market in 2025. Prepared buyers and strategic sellers will be best positioned to achieve their desired outcomes. Experienced real estate professionals can help navigate this complex market and ensure successful transactions.
