The Current Residential Real Estate Market in Bend, OR & Central Oregon

Bend and Central Oregon have become some of the most talked-about residential real estate markets in the Pacific Northwest. With their stunning landscapes, vibrant outdoor lifestyle, and strong sense of community, it’s no wonder buyers from across the country have set their sights here. Over the past year, the market has seen robust activity, with home prices rising and inventory sometimes struggling to keep pace with demand.

As we move into the fall season, the Central Oregon market is entering its traditional cooldown. Historically, this time of year brings a slowdown in buyer competition, giving those still searching for a home a bit more leverage in negotiations. Sellers, on the other hand, often hold off until spring, leading to fewer listings and a tighter selection for buyers. However, the homes that are on the market can present opportunities for buyers to negotiate on price or secure favorable terms—especially if a property has been listed for a while.

For sellers, emphasizing the unique features of a home—like mountain views, energy efficiency, or proximity to trails—can help attract motivated buyers even as activity slows. Buyers should keep an eye out for motivated sellers and be ready to move quickly when the right property appears, as Bend’s desirability means the best deals don’t last long, even in the quieter months.

Understanding these seasonal shifts can help both buyers and sellers in Central Oregon make smart decisions as the market transitions into fall and winter.