The March 2025 Beacon Report: A Slight Shift in Bend’s Real Estate Landscape
If you’re navigating the Bend real estate market, you may have noticed a subtle shift—nothing dramatic, but enough to keep buyers and sellers on their toes. According to Donnie Montagner, the expert behind the latest Beacon Report, “Bend’s single-family residential market saw a slight increase in inventory last month, while the median marketing times in both Bend and Redmond declined in February.” So, what does that mean for you? Let’s break it down.
Inventory Inches Up—But Don’t Expect a Buyer’s Market Just Yet
For those hoping for a flood of new listings to drive prices down—slow your roll. Inventory in Bend increased slightly, but we’re still far from an oversupply. With just three months of inventory available, the market is still tilted in favor of sellers, albeit with a bit more breathing room for buyers compared to last year.
Faster Sales? Blink and You Might Miss Your Dream Home
In February, median marketing times dropped, meaning homes are selling more quickly. If you’re a buyer, this isn’t the time for hesitation. That charming craftsman with the perfect backyard for summer BBQs? It’ll likely have an offer before you’ve even had time to sleep on it.
For sellers, this is great news! Well-priced homes in desirable areas are still moving fast, making it a prime time to list.
Luxury Market Holds Strong: Million-Dollar Homes Are on the Move
One standout stat from this month’s report: 18% of all sales in Bend were at or above $1 million. The luxury market remains active, with high-end properties finding buyers despite interest rate fluctuations. If you’re shopping at this price point, expect competition—wealthy buyers are still investing in Bend’s coveted lifestyle.
New Construction: Bend Up, Redmond Down
Building permits for new homes in Bend increased last month, suggesting that developers are feeling confident about demand. However, in Redmond, permits declined slightly. This could mean a tightening market for new builds in Redmond, leading to potential price stabilization or even slight increases in the near future.
Advice for Buyers & Sellers: Keep Calm and Stay Strategic
For buyers: Act quickly, but don’t panic-buy. With slightly more inventory, you might have a bit more flexibility—but desirable homes will still go fast. Get pre-approved, work with a knowledgeable agent, and be ready to make competitive offers.
For sellers: If you’ve been waiting for the right moment to list, this might be it. Marketing times are down, meaning there are motivated buyers out there. Price your home realistically, and you should see strong interest.
As always, real estate is a moving target, and the Beacon Report gives us a crucial look at the trends shaping Bend and Redmond’s markets. Whether you’re buying, selling, or just keeping an eye on the market, staying informed is key. And as Donnie Montagner puts it, “The Bend market is shifting—but only slightly. Buyers and sellers who stay proactive and adaptable will find success.”
Read the full Beacon Report for Central Oregon March 2025
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