Bend Premier Real Estate Blog

If your selling strategy still assumes you'll get multiple offers over asking, it's officially time for a reset. That frenzied seller's market is behind us. And here are the numbers to prove it. 

From Frenzy to "Normal"

Right now, about 50% of homes on the market are selling for less than their asking price, according to the latest data from Cotality.

But that isn't necessarily bad news, even if it feels like it. Here's why. The wild run-up over the last few years was never going to be sustainable. The housing market needed a reset, and data shows that's exactly what's happening right now.

The graph below uses data from Zillow to sh...

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Two Fires in Eight Years Have Impacted Jefferson Park

For those who enjoy hiking in the Mt. Jefferson Wilderness, one of the most treasured locations to see has been Jefferson Park. Located at the base of Mt. Jefferson, Oregon's second tallest peak, the beauty of the meadow and the reflection of Mt. Jefferson in the multiple lakes has been the destination for campers and day hikers for many years. In 2017, the Whitewater Fire destroyed 11,500 acres, much of which was near the Whitewater trailhead and surrounding forest. However, in 2020, the devastating Santiam Fire, which ballooned to 402,274 acres and destroyed several towns, over 1500 structures and killed 5 people was among the worst fires in Oregon's history. Access to Jefferson Park remained closed for several years after this fire, but has since reopened. 

The hike to Jefferson Park from the Whitewater trailhead takes hikers through 4 miles of burned forest before coming to Whitewater Creek where hikers need to cross via stones or logs laid across the creek. There are signs of life returning to the burned area, although it will take many decades before the forest is restored to what it was before the fires. The Whitewater trail joins with the Pacific Crest Trail before reaching the park and once again hikers have to cross Whitewater Creek, this time via a bridge.

It is shortly after crossing the bridge that hikers actually enter the meadow which is Jefferson Park. There are sections of the surrounding forest that are burned, but also many sections which remain beautiful and alive. Several side paths provide access to Bay, Scout, Park and Rock Lakes, all clean and clear alpine lakes with sandy bottoms with many camping areas nearby. Russell Lake is at the far western end of the park and provides outstanding reflections of Mt. Jefferson. There are campsites around Russell Lake as well. For those who hike from the Whitewater Trailhead to Russell Lake and back, plan on 13 miles and over 2300 feet of elevation gain.

The Obsidian Trail is a Favorite Central Oregon Hike

Before the National Forest Service required passes in 2021 for the most popular Central Oregon hikes, the Obsidian Trail had such a huge demand that trail passes were in place for many years earlier. The Obsidian Trail takes hikers from the trailhead off the seasonal McKenzie Pass Highway 242 up to the Pacific Crest Trail and through an area known for the obsidian rock that covers the ground. Before reaching the rock, hikers pass through wooded forest, climb lava flows, travel by Obsidian Falls and then reach the relatively flat land of the obsidian area.

There is a beautiful view point overlooking the climbing trail which some may take to summit Middle Sister. It is a logical place to stop and enjoy a snack or lunch before proceeding on to an area known as Sunshine which was a place many Pacific Crest Trail hikers or those planning to summit Middle Sister early morning would spend the night. Currently that location is undergoing restoration and not available for camping.

All in all, for those who wish to hike the loop from the Obsidian Trailhead, travel to Sunshine and return via Glacier Way (a side path that joins with the Pacific Crest Trail and avoids Obsidian Falls), the entire trek will cover about 11.5 miles and have over 2100 feet of elevation gain.

Now that the market is slowing down, homeowners who haven't sold at the price they were hoping for are increasingly pulling their homes off the market. According to the latest data from Realtor.com, the number of homeowners taking their homes off the market is up 38% since the start of this year and 48% since the same time last June. For every 100 new listings in June, about 21 homes were taken off the market.

And if you've made that same choice, you're probably frustrated things didn't go the way you wanted. It's hard when you feel like the market isn't working with you. But while slowdowns can be painful in the moment, history tells us they don't last forever.

History Repeats Itself: Proof from the Past

This isn't the first time the housing market has experienced a slowdown. Here are some other notable times when home sales dropped significantly:

• 1980s: When mortga...

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Tiffany Clark is "The Source Weekly's" Best Realtor In Central Oregon

Congratulations to Tiffany Clark, Bend Premier Principal Broker, for being named the Source Weekly's Best Realtor in Central Oregon for 2025. Our Brokers are the best and Central Oregon knows it as well!