Beacon Appraisal Group Report – Q1 2025 Overview
The BEACON Report – is a monthly publication by Beacon Appraisal Group, providing a snapshot of real estate trends in Central Oregon. According to Beacon Appraisal Group, most small single-family residence (SFR) markets in Central Oregon saw a slight increase in inventory during the first quarter of 2025 compared to the previous quarter.
- Inventory Levels:
- Bend: 3 months
- Redmond: 2 months
- Sunriver: 4 months
These figures show little change from the last quarter of 2024.
- Median Price SFR in Thousands = $880
- Number of SFR Sales = 12
- Days on Market for Sold SFR = 12
- Current Inventory* = 4 Months
- Sellers are more often negotiating, offering concessions, and adjusting pricing.
- New construction is steady but not booming, with affordability a key issue.
- Interest rates remain in the high 6% range, impacting affordability and buyer behavior.
- Many buyers are adjusting expectations, looking for value and concessions.
- Listings are sitting longer unless priced competitively.
- Luxury and second-home markets (like Sunriver) remain more insulated due to cash buyers.
As is typical for the Central Oregon real estate market, activity appears to be ramping up with the arrival of the spring season.