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REAL ESTATE NEWS | OCT 2025

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REAL ESTATE NEWS | OCT 2025

 
Hiking along the Deschutes River
 
Fall colors, a chill in the air, and snow on the mountains. I love this transition of season, wardrobe, and mindset. In real estate, we're seeing many instances of buyers finally pulling the trigger, and sellers getting their homes ready to sell - but with the big question of "now or in the Spring?" I closed on my first Bend home in January, so I remind Sellers that buyers come at all times and for all reasons. Read on for real estate and mortgage rate updates, housing legislation, a classic Bend event and local news, real estate jargon, a neighborhood spotlight and more. Happy Halloween!
Bend Real Estate Market Snapshot
Bend’s single-family residential market remained active this month, maintaining the strong sales momentum seen in late summer, according to the latest Beacon Report from Beacon Appraisal Group. There were 180 homes sold matching the high activity level last month, when Bend hit its strongest sales volume since 2022.
 
The median sale price in Bend declined slightly to $713,000, down from $769,000, but inventory remains tight at around a 4-month supply, showing demand stability.
 
Homes are taking longer to sell, averaging 45 days on market, compared to the single-digit turnaround times seen two years ago. With 560 active listings and 45 new building permits issued, Bend’s housing market continues to balance seasonal cooling with resilient buyer interest, signaling a stable finish to the fall selling season.
Mortgage rates
 
Mortgage rates dipped slightly to 6.19% for the week ending October 23, the lowest level in over a year. This steady decline reflects easing borrowing costs, offering a welcome opportunity for homebuyers and those looking to refinance. With continued Fed discussions on rate cuts, buyers may see more favorable conditions ahead.
The odds of a Federal Reserve rate cut by December continue to rise, with markets projecting a strong likelihood of a 25 to 50 basis point reduction by year-end. By March 2026, expectations increase even further, signaling confidence that borrowing costs could ease in the coming months. These changes could have a ripple effect on mortgage rates and overall housing affordability. Stay tuned for how these rate moves could influence your buying or selling strategy.
Bend Local Event: Witches, Boards & Community Magic on the Deschutes River!
Join the Bend Witches Paddle on October 31 at Riverbend Park from 4:00 to 6:00 pm: costumes encouraged, canoes and paddleboards welcome! The event supports MountainStar Family Relief Nursery, with donations of diapers, wipes, grocery cards, etc. encouraged but not required.
 
It’s more than a fun Halloween float, it’s a reminder of what makes Bend special: community spirit, giving back, and enjoying our riverfront lifestyle.
NAR Applauds Senate Passage of the ROAD to Housing Act as a major step toward addressing the housing shortage and creating more pathways to homeownership.
 
The U.S. Senate recently passed the Renewing Opportunity in the American Dream (ROAD) to Housing Act, a bipartisan bill aimed at improving housing affordability and accessibility across the nation. The legislation focuses on reducing zoning restrictions, streamlining environmental reviews, and supporting modular and manufactured housing to help increase supply and lower costs. It also includes provisions to expand access to smaller mortgages, improve the appraisal process, and more. The bill now heads to the House for further consideration. Learn more here.
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Stay Cool and Save: Pacific Power Launches “Cool Keeper” Program in Oregon
 
Pacific Power is rolling out Cool Keeper, a demand-response program designed to optimize electricity use during hot summer days while keeping homes comfortable. Residential customers with central AC or heat pumps can have a free device installed that briefly cycles their system during high-demand periods—usually just 5 minutes—without affecting indoor comfort. Benefits for participants:
  • Free installation
  • $30 annual bill credit
  • Supports the grid and helps integrate renewable energy while keeping electricity costs lower.
Eligible customers can enroll now in select Oregon areas, with program expansion planned in 2026. Learn more here.
Jargon Made Simple: Closing Costs
The Final Hurdle Before the Keys.
 
Closing costs are the final collection of fees and expenses paid at the end of a real estate transaction, covering everything from lender charges and title services to appraisal fees and property taxes. These typically range between 2% to 5% of the purchase price, so it’s smart to plan ahead.
 
Both buyers and sellers share closing costs, but the responsibilities differ.
Buyers usually cover lender-related fees, title insurance, recording charges, inspections, and the first year of homeowner’s insurance.
Sellers typically pay the real estate commission, owner’s title insurance, a portion of the escrow fee, and any existing liens or unpaid dues.
 
Though they can feel like a last-minute hurdle, closing costs are a normal part of buying and selling a home. Knowing what to expect helps you walk into closing day prepared and confident.
 
💡 Pro Tip: Estimate your own closing costs using Western Title’s Closing Cost Calculator, an easy tool to help you plan ahead and avoid surprises.
Neighborhood Spotlight:
The Plaza & The Atrium at Old Mill District
Luxury Old Mill District Living with River Access & Mountain Views
The Plaza and The Atrium are two boutique condominium communities that bring low maintenance luxury living - including many with sweeping Cascade Mountain Views - to the heart of Bend’s sought-after Old Mill District. At The Plaza, homeowners enjoy stylish interiors with granite countertops, at least 2 en suite bedrooms, private balconies, secured underground parking, a large lobby entertaining space with kitchen and library, plus a fitness room & patio with fire pits.
Next door, The Atrium was built in 2016 and features one- and two-bedroom floor plans with hardwood floors, contemporary European cabinetry, and separate garages.
 
Visit www.AvenirRealtyGroup.com to see more neighborhoods we love. What others would you like to see?
Avenir Realty's Latest Listings Activity
Active
$4,999,999
 
Active - New Price!
$1,895,000
Active
$1,769,000
Active
$1,649,000
Active
$935,000
Just Listed!
Active
$649,000
Just Listed!
Active
$639,000
Just Listed!
Active
$595,000
Pending
$835,000
Gross Drive
Pending
$665,000
Oregon Coast:
SOLD
$1,195,000
SOLD
$895,000
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Laura Blossey
Founder and Principal Broker
 
949-887-4377
Lic# 201204340
All information deemed reliable but not guaranteed. If your property is listed with a real estate broker, this is not a solicitation of brokerage services. Laura Blossey, License 201204340, Avenir Realty.
 
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