1. Look Beyond the Headlines
Median prices in Bend dipped slightly this fall, but the story runs deeper. Year-over-year, home values remain steady, proof that Bend’s market is healthy and balanced.
Buyer Tip: Don’t get caught up in monthly price swings. Focus on long-term trends and neighborhood-specific data to identify lasting value.
2. Take Advantage of More Options
New listings are holding stronger than in past years, meaning you’ll find more homes on the market this season than usual.
Buyer Tip: Use this window to compare options and negotiate terms. Homes sitting for more than 30 days (the local average is 36) often signal motivated sellers.
3. Negotiate Smartly
In Bend, homes are currently selling for about 98% of list price, or roughly a 6.5% discount from original asking after reductions.
Buyer Tip: Work with your agent to spot properties that have had a price drop, these often present the best opportunities for strong offers and favorable terms.
4. Watch Mortgage Rates Closely
With a potential Fed rate cut on the horizon and Treasury yields easing, mortgage rates could drop further in the coming months.
Buyer Tip: Get pre-approved now to secure flexibility when rates fall. Lock in early or explore float-down options to take advantage of future reductions.
5. Be Prepared to Act
Inventory and pricing are in rare alignment, creating a brief period of balance between buyers and sellers.
Buyer Tip: Have your finances, pre-approval, and priorities ready so you can move quickly when the right home appears.
The Bottom Line
Bend’s housing market is offering opportunity for informed buyers. With stable prices, rising inventory, and lower rates potentially on the way, it’s a smart time to explore your options before demand picks up again.
Want deeper insight?
Read our latest State of the Market Report for data, neighborhood breakdowns, and expert analysis designed to help you make your next move in Bend, Oregon.