Posts from June 4th, 2025
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4
Bend Oregon Real Estate | May 2025 Trends
Is Bend Moving Into a Balanced Market?
The May data has been published and for those who are familiar with Bend Oregon real estate trends, the increase in the numbers of active listings is significant. May traditionally has been a month with a surge in new listings with sellers getting ready for the peak summer selling season. However, in May 2025 there was a huge 42% increase in active inventory year over year. With these numbers, Bend is now trending close to a balanced market with months of supply approaching 5 months.
When May 2025 is compared with May 2024, the following changes can be noted for Bend single family home sales on less than an acre:
- Median sales price up 2.6% to $774,250*
- Original median listing price up 4.7% to $874,000
- New listings up 3.6% to 285
- Homes for sale up 41.9% to 6...
4
Understanding Today's Mortgage Rates: Is 3% Coming Back?
A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here's the thing: those rates were never meant to last. They were a short-term response to a very specific moment in time. And as the market finds its footing again, it's time to reset expectations.
Back in 2020 and 2021, 3% mortgage rates gave buyers a serious boost: more affordability, more buying power, and more opportunity. But those rates were a result of emergency economic policies during the height of a global pandemic. Now that the economy is in a different place, we're seeing mortgage rates in the high 6% to low 7% range.
And while experts currently project a slight easing in the months ahead, most industry leaders agree: rates are not going back to 3%.
Instead, many forecasts suggest mortgage rates will...