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Bend Oregon Real Estate | August 2025 Trends
Its a Mixed Market for Bend Home Sales
August is usually a month where home buyers with young children close their purchases and get settled before school starts. It is also a month in which sellers who didn't sell their properties during the peak summer selling season consider their next options. Often, for those who really need to sell, lowering the asking price can be the answer. For others, taking their property off the market may make more sense. However, in 2025, the August Bend home sales reflected a mixed market with prices up, closings up, inventory up and days on market up.
When August 2025 is compared with August 2024, the following changes can be noted for Bend single family home sales on less than an acre:
- Median sales price up 8.3% to $768,913
- Closed sales up 8.2% to 172
- New pending sales up 9.8% to 190
- New listings down 9.8% to 175
- Active inventory up 14.2% to 618
- Price per square foot of closed homes up 3.1% to $396
- % of original price received down 2.4% to 94.8%
- Supply of inventory up 5.6% to 3.6 months
- Sold volume up 21.9% to $168,589,678
- % of cash sales up 19.8% to 33.1%
- List to close days up 8.5% to 77
- Unsold listings up 50% to 57
It is taking longer to sell homes with more inventory on the market. However, prices are up year over year. Some of this can be explained by cash purchases. With over 33% of Bend homes purchased with cash, the higher mortgage rates experienced in the first 2 quarters of 2025 did not impact these sales. The weather can also contribute to strong summer sales. Unlike most of the previous summers for the past decade, there were few wildfires with the Sisters' Flat Fire not starting until the end of August. This has kept the views and summer outdoor lifestyle most Bend residents enjoy at a peak for 2025. Potential Bend home buyers purchased view properties actually seeing the views rather than a promise that a view was there once the wildfire smoke went away. Now, with the anticipation that mortgage interest rates will be reduced in September, there is an expectation that Bend home sales will be strong in the fall.
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