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.
  Bend Market Highlights:The number of sales in Bend picked up last month, and the median marketing time dropped to 32 days — the fastest pace since September 2024. Redmond Market Highlights:Redmond experienced a modest shift in both pricing trends and sales volume. The median marketing time decreased to 34 days, the lowest in the past three months. Sunriver Market Highlights:
  • Median Price SFR in Thousands = $880
  • Number of SFR Sales = 12
  • Days on Market for Sold SFR = 12
  • Current Inventory* = 4 Months
  Additional Takeaways
  • 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. read more