The Bend housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 3.0% in the past month alone. With 3.1 months of supply, Bend's inventory levels remain relatively tight. Homes are taking about 57 days to sell, which is 12 days longer than this time last year. A significant 23.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 12.6% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Bend market with the affordability index at 34.1. Based on current market indicators, home prices in Bend are projected to decrease by approximately 9.9% over the next month.