🍂 Fall 2025 Market Report

Right now, our real estate market feels a little upside down compared to a few years ago. And it has everyone (especially agents) talking. Homes are staying on the market longer than we’ve been used to, and we’re seeing more and more price reductions as sellers adjust to today’s conditions. Buyers are feeling cautious—many are waiting to see what happens with the economy and interest rates. But there has been good news this past week with the interest rates down a bit. They are hesitant to jump in unless the price makes sense for what the house will cost them monthly with taxes and insurance included (always rising) and the home's condition. Interest rates themselves have been bouncing around, and while they’re lower than their peak last year, they’re still higher than the “historic lows” we all remember from a few years ago. This tug-of-war between buyers wanting better affordability and sellers trying to hold onto their value is what’s creating the current market. Interestingly,  it seems that the 1 million plus market is selling better than the lesser values in Central Oregon.  

What’s Happening in the Central Oregon Housing Market?

"August numbers show Central Oregon’s real estate market continuing to level out. Inventory is holding or climbing in most areas — Bend sits at 5.7 months, Sisters at 6.1, and both La Pine and Prineville are near 8 months. Homes are also taking longer to sell, giving buyers a bit more breathing room and leverage. Prices remain strong in some markets. Bend’s median is up to $768,825, and while Sisters dipped from July’s peak, it’s still holding above $800,000. Overall, the landscape feels more balanced. Sellers who price strategically and prep well are still moving properties. We’re in a moment that rewards preparation, patience, and staying sharp.”  -Ryan Buccola, Broker/Owner REMAX Key Properties

From Brian Buffini Mid Year Update:

Market Reality: Far from crashing, the housing market is rebalancing to 2019 levels—a healthier state than many headlines suggest 

Mortgage Rates Forecast: Expected to hover between 6.25% and 6.5% for the remainder of 2025

Inventory is easing, but not low enough to reinvigorate a seller’s market—especially with price corrections in play.

US Summary Snapshot

Regional Variation

A split market—Midwest/Northeast gaining, South/West seeing declines.

Buyer Advantage

Slower sales, rising inventory, more price reductions—buyers have more leverage.

Mortgage Rates

Rates hovering around 6.5–6.6%, slowly easing but still limiting affordability.