The question we’re hearing most often this year is simple: “Should I buy now or wait?”

After years of limited inventory and intense competition, the Central Oregon housing market is showing signs of a healthier balance. Buyers are seeing more homes hit the market, giving them additional options and more time to make informed decisions. Meanwhile, sellers who price their homes correctly continue to attract strong interest.

In Bend, home values have remained relatively stable while inventory has improved compared to previous years. Buyers are no longer facing the same level of bidding wars that dominated the market during the pandemic boom, creating opportunities that haven’t existed in quite some time.

For many buyers, today’s market offers a unique combination of increased inventory, moderate appreciation, and the ability to negotiate. While mortgage rates remain a consideration, many experts believe waiting for significantly lower rates could mean competing against a larger pool of buyers in the future.

Whether you’re a first-time homebuyer, relocating to Central Oregon, or looking for an investment property, understanding today’s market conditions can help you make a confident decision.

Thinking about buying in Bend, Redmond, Sisters, or Sunriver? Our team would be happy to discuss your goals and help you determine the right timing for your move.