My Weekly Central Oregon Real Estate Blog

On this last day of July 2026, the economic data is mixed, while housing activity in Central Oregon is stable. In the most recent Federal Reserve Open Market Committee meeting, 9 of the 3 Fed Officers voted to keep rates where they have been since January. However, after 5 years of inflation holding above the Fed’s 2% target, the 3 dissenting votes in the Fed meeting wanted a 25 basis point increase to help tamp down inflation.

With 2nd Quarter 2026 GDP at 1.5%, and the most recent CPI report showing inflation at 3.5%, it is difficult to see any of this as overwhelmingly positive. Still, sales in the luxury market are outpacing last year, with Deschutes County sales over $1 million at 488 (468 in 2025 YTD) and the average sale at $1,615,570, up $7,126 from 2025. In Crook County, 2026 YTD sales are at 29 (22 in 2025 YTD) and average $1552,905, down $20,854 from 2025. While prices remain flat, transactions have steadily increased since the low in 2023.

Supply today in Deschutes County between $1 million and $1,999,999 is down by 6 from last week to 367. Nineteen pending sales are up 9 from last week; 12 of those listings reduced the asking price by an average of 8.3% before securing a buyer. Sixty-three percent of the pending sales reducing the asking price is notable. Fifteen closed transactions this week are down by 6 from last week, with six of those listings reducing the asking price by an average of 8.29%, and a sold-to-original-list-price ratio of 93.86%.

Deschutes County listings between $2 million and $2,999,999 are at 82 today, down by 7 from last week. Pending sales are identical to last week at 5, with all five of those listings reducing the asking price by an average of 4.09%. Six closed transactions are double last week, with three of those listings reducing the asking price by an average of 4.04%, and the sold-to-original-list-price ratio for all sales at 95.54%.

Crook County listings over $1 million are also stable this week at 73. Two sales are pending at $1,575,000 and $2,895,000, both in Brasada Ranch—the listing under contract at $1,575,000 originally listed at $1,850,000. No transactions closed this week.

Deschutes County farm listings over 41 million are stable at 14 and have had six consecutive weeks with no pending or closed transactions. Crook County farm listings over 41 million are up by one to 20, with no pending or closed transactions. In Crook County, there are a handful of large acreage listings broken into multiple listings, making it appear there are more individual properties listed than is actually the case. Breaking up some of these properties that have more than one tax lot is a solid strategy, but there remains very little activity in the Central Oregon farm segment.

The data this week shows flat to decreasing inventory in all segments except Crook County farm listings. This could very well mean the peak supply for the luxury market was in the last couple of weeks. The biggest price drops and seller negotiations are happening in the lower price tiers, with the higher end of the market able to secure prices closer to the listing price. Now is the time of year that buyers start acting in earnest on properties in the luxury market since the supply of enticing new listings is tightening up. If there is anything I can help you with in the Central Oregon market, please let me know!

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the close by areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Thankfully, firefighters throughout Central Oregon have made significant progress on the different fires burning throughout the region. Everyone is grateful for their hard work during this extremely dry summer. If you’d like a concise daily summary of the activity, go to www.centraloregonfire.org.

The real estate market is steady, as expected for this busy time of year. The national average for a 30-year conventional mortgage today is 6.78%, down a few basis points from recent highs. Undoubtedly, fires and higher rates have slowed some activity in areas impacted by fires, and among all interest rate-sensitive buyers. Still, the market moves on. Inventory levels are mostly flat from last week as we approach the time of year when supply will turn and start the steady decline toward winter.

Deschutes County inventory today is 1,455, down by 5 from last week. Pending sales took a healthy jump to 91, which is up 20 from last week. Fifty-one of the pending sales reduced the asking price by an average of 6.32% before securing a contract. Eighty closed transactions this week are up by 2 from last week, with a closed-to-original-list-price ratio of 96.23%.

Crook County supply increased by 3 this week to 268. Pending sales are flat at five this week, with 4 of those listings reducing the asking price by an average of 4.56% before securing a contract. Closed transactions this week are down by 3 to 4, with a closed-to-original-list-price ratio of 93.96%.

Jefferson County inventory is flat this week at 151. Pending sales are down by 4 to 5, with 2 of those listings reducing the asking price by an average of 2.93% before securing a contract. Three closed transactions this week are down by 10, with a closed-to-original-list-price ratio of 94.26%.

Fires have heavily impacted both Jefferson and Crook County over the last several days, but both still show reasonable pending sale activity. Most of the fire activity in Deschutes County has been centered just north of Sisters, with most of the rest of the county unaffected at the moment. At the Fed meeting today, Chair Kevin Warsh held rates, which was broadly expected. All of this is setting up a predictable late summer and fall for Central Oregon housing.

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the nearby areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Unfortunately, we are back in the middle of fire season, with another large fire burning just north of Sisters. By all accounts, the firefighters are making progress, but this has become an unwelcome annual event. In the financial news, bond yields are rising, and the national average for a 30-year fixed-rate conventional mortgage is 6.81%, with the Jumbo rate at 6.9%. Both of these developments are likely to create some headwinds, but to date, the market has largely shrugged off the higher-than-expected mortgage rates this year.

Interestingly, the supply of Deschutes County homes between $1 million and $1,999,999 increased by 7 this week to 373. This is not unheard of at this time of year, but it appears to be due to only 10 pending sales this week, down by 8 from last week. Four of the pending sales reduced the asking price by an average of 10.92% before securing a contract. Weekly variations mean very little, and current mortgage rates may be playing a role. I will be watching this closely to see if this becomes a trend. Twenty-one transactions closed this week, up by one from last week. Nine of those listings reduced the asking price by an average of 5.64% before securing a contract. The sold-to-original-list-price ratio this week was 95%.

Deschutes County supply between $2 million and $2,999,999 decreased by 2 this week to 89. Five sales are pending, down by one from last week, with only one of those listings reducing the asking price by 6.78% before securing a contract. Three transactions closed this week, with two of those listings reducing the asking price an average of 4.27% before securing a buyer. One of the sales closed at 2.92% under the asking price, another closed at full price, and the last at 2.92% above the asking price, with zero days listed.

Deschutes County Farm listings are stable this week at 14, with no pending or closed transactions. Crook County Farm listings are down by one to 19, due to a pending transaction for $2,250,000 in Powell Butte. The original list price was $2,950,000. There are undoubtedly some very interesting, legacy properties in the Central Oregon Farm listings, but many of these properties come with a lot of work to maintain. There are also some very large acreage properties available, and an example is the Wolf Creek listing at $54 million and 35,132 acres!

Despite some challenges in the overall market, Central Oregon housing continues marching along. In the national market, there is talk of increased inventory, which is not the case in Central Oregon. Our supply has been down all year compared to 2025, which was a welcome increase from lows established over the past several years. Still, there is a certain amount of momentum at this time of year, and many buyers have worked all season to learn the market with plans to purchase by winter. There is still a lot of activity ahead of us, and many compelling properties are listed. Whatever your needs, I am always available to help you sort through the options.

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the close by areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Housing supply in Central Oregon is beginning to fluctuate as we approach the point in the season when inventory begins a steady decline toward winter. Activity remains steady, and we are in the midst of one of the busiest times of the season. However, the national average for a 30-year fixed-rate mortgage today is at 6.75%, the highest since July 2025. The borrowing cost pressure on buyers is bound to have an impact as we navigate the busy time between now and Labor Day. After the September holiday, activity remains high well into October, and potentially even through the first half of November, depending on weather. Still, year-to-date activity is slightly ahead of 2025, continuing the steady increase in sales since activity dropped in 2023 when mortgage interest rates began rising.

Today in Deschutes County, there are 1,460 listings, down by 6 from last week. The average list price is $1,096,897, and 799 of those listings have decreased their asking price by an average of 5.78%. Seventy-one sales are pending, down by 13 from last week, with 33 of those listings reducing the asking price an average of 6.05% before securing a contract. Seventy-eight transactions closed this week, up by ten from last week, with 37 of those listings reducing the asking price by an average of 6.33% before securing a buyer. The sold-to-original-list-price ratio this week was 95.5%.

Crook County supply increased this week by 6 to 265 single-family homes listed. The average list price is $1,092,134, with 147 of those listings reducing the asking price by an average of 6.71%. Five sales are pending, down by 7 from last week, with 4 reducing the asking price by an average of 7.78% before securing a contract. Seven transactions closed this week, up by 4 from last week, with 5 reducing the asking price by a significant 16.17% before securing a buyer. The sold-to-original-list-price ratio was 83.68% for the week, considerably lower than the typical weekly closed price ratio.

Jefferson County inventory decreased by 7 this week to 151, with 80 of those listings reducing the asking price by an average of 5.45%. The average list price of the active inventory is $604,700. Nine sales are pending, up by 5 from last week, with 4 of those listings decreasing the asking price an average of 1.9%. Thirteen transactions closed this week, up by 8 from last week, with 5 reducing the asking price by an average of 5.72% before securing a buyer. The sold-to-original-list-price ratio was 97.53% this week.

Sales prices since the peak in 2022 have remained stable and are very close to last year's numbers. It would be easy to assume that the price reductions before finding buyers, combined with a less-than-100 % final sale price, mean prices are falling, which is not the case. Increased competition in some price segments forces sellers to be realistic about today’s market price, but most of the reductions seen are simply bringing prices in line with the level seen over the last few years. It isn’t uncommon for sellers to try and test the market, then adjust down based on feedback and sales activity. Considering the higher borrowing costs buyers are facing, sellers, by comparison, are doing well, and the overall market is stable.

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the nearby areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

With only eight additional listings this week across the entire Central Oregon market above $1 million, we are very near peak inventory for 2026. Activity remains steady, if not up in some price tranches. Typically, the luxury market is more active in the second half of the year, with the first half dedicated primarily to adding listings and buyers researching the market. With year-to-date sales up slightly from last year, volume appears poised to exceed 2025 levels, marking the third consecutive year of sales growth since activity dropped in 2023. However, the year-over-year growth has been incremental and remains lower than during the period leading up to the 2020 boom.

The Deschutes County inventory between $1 million and $1,999,999 is up 6 this week to 366. Eighteen pending sales are an increase of 5 from last week, with 6 of those listings reducing the asking price by an average of 6.31% before securing a contract. Twenty closed transactions this week are double last week's number, with 6 reducing the asking price by an average of 4.43% before securing a buyer, and an average sold-to-original-list-price ratio of 96.85%.

Luxury homes in Deschutes County listed between $2 million and $2,999,999 are flat this week at 91. Six pending sales are double last week’s volume, with 4 of those listings reducing the asking price by an average of 6.2%. One transaction closed this week at $2,375,000 on Awbrey Butte for 95.96% of the original list price.

Homes listed over $3 million in Deschutes County increased by 2 from last week to 42. Three pending sales are down by 1 from last week, with 2 of those listings reducing their asking prices by an average of 7.31%. One transaction closed this week at $3,045,000 on Pee Wee Court in Northwest Bend, following a 14% price reduction, and a sold-to-original-list-price ratio of 87.02%.

Crook County listings over $1 million are flat this week at 70. One sale is pending in Powell Butte at $1,100,000 after a 7.95% price reduction and 524 days on the market. One transaction closed this week at $1,745,000 in Brasada Ranch after a 2.97% price reduction. and for 94.32% of the original list price.

Dechutes County and Crook County farm listings are both flat at 14 and 20, respectively, with no pending or closed transactions in either county over the past several weeks. Farm activity in Central Oregon is stagnant, with average days listed at 241 for Deschutes County and 272 for Crook County.

Year-to-date sales over $1 million in Deschutes County in 2025 were 427 compared to 559 so far in 2026. In Crook County, year-to-date sales in 2025 were 20 compared to 26 so far this year. With steady activity and the busiest time of year approaching, now is the time for buyers to act on appealing properties. With many sellers adjusting prices to take advantage of the season, there is no guarantee the home you are looking at today will be available tomorrow.

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the close by areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Activity is picking up again after the holiday weekend, with the busiest time of year ahead. Inventory growth is slowing, and before long, supply will begin tapering towards the fall and winter. This can be a make-or-break time for both buyers and sellers. For buyers, missing out on a property that fits their needs leaves fewer and fewer options, while sellers not positioned correctly on price can miss out on buyers ready to take action. Whatever your goals in real estate this year, now is the time to put in the effort to make them come to fruition.

Supply in Deschutes County increased by 30 this week to 1,466, a generous bump after the holiday lull. Eighty-four pending sales are up by 7 from last week, with 35 of those listings reducing their asking price by an average of 7.7%. Sellers who are proactive in correcting prices are being rewarded with contracts. Sixty-eight closed transactions this week are up by 4 from last week, with 24 of those listings reducing the asking price by 6.32% before securing a contract. The sold-to-original-list-price ratio was 96.5%.

Crook County's supply this week is the same as last week at 259. Pending sales increased significantly from 2 last week to 12 this week. Eight of the pending sales reduced their asking prices by an average of 8.82%, indicating that price reductions are paying off for sellers. Three transactions closed this week, down from 8 last week, with a strong sold-to-original-list-price ratio of 97.6%.

Jefferson County inventory has been up all year over 2025, and increased by 4 this week to 158. Four pending sales this week are down one from last week, with three of those listings reducing the asking price by an average of 6.87% before securing a buyer. Five closed transactions are down 2 from last week, with a sold-to-original-list-price ratio of 89.02%. Increased supply in Jefferson County has increased competition, benefiting buyers.

Sellers who have been on the market for a while now have the benefit of first-half activity to gauge where they should be priced. Unless a seller is willing to ride out the market through winter, now is the time to adjust. Personally, I am a believer of fewer, larger price decreases than many smaller adjustments, but as always, this is a case-by-case analysis. Mortgage interest rates are stable at 6.64% this week for the national average of a 30-year fixed-rate conventional loan. While higher rates have kept activity in check, stability has made planning and budgeting more straightforward for buyers. Please reach out if you need a comprehensive analysis of your real estate options in Central Oregon.

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the nearby areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

While mortgage rates may be stuck as we head into the busy fall season, activity remains steady, and the market is stable. On Wednesday, I reported year-over-year sales increases for the broader market, and today I will break down year-over-year sales by luxury price tranches. You will see in the data below that our market remains stable, a pattern that has been consistent throughout the higher-mortgage-interest-rate climate that began in the third quarter of 2022. Population growth in Central Oregon continues, along with buyer demand, despite higher financing costs.

Today in Deschutes County, listings between $1 million and $1,999,999 are up by 9 from last week to 360. Thirteen sales are pending, up by 2 from last week, with 5 of those listings reducing the asking price by an average of 11.59% before securing a buyer. Ten transactions closed this week, down from 21 the previous week. Four of the closed transactions this week reduced the asking price by an average of 10.67% before securing a contract, with the sold-to-original-list-price ratio at 94.52%.

Year-to-date in 2025, there were 359 sales, averaging $1,374,176, compared to 364 so far in 2026, averaging $1,356,024. For these narrow price bands, the average sale is less relevant and isn’t necessarily indicative of a softening market.

Deschutes County listings between $2 million and $2,999,999 increased by 3 from last week to 91. Three sales are pending, up by 2 from last week, with 2 of those listings reducing the asking price by an average of 3.9% before securing a buyer. One transaction closed this week in Tetherow for $2,660,000 after only four days on the market, at 104.31% of the list price.

Homes for sale in Deschutes County over $3 million increased by 2 from last week to 40. Four sales are pending this week, double last week’s volume, with three in Tetherow and one in Caldera Springs. No transactions closed this week.

2025 year-to-date activity over $3 million shows 20 transactions averaging $3,501,900 compared to 14 averaging $4,318,218 so far in 2026. There is no question that desirable high-end properties are commanding high prices this year. I anticipate the sales volume gap narrowing as the remainder of the 2026 selling season plays out.

Crook County inventory over $1 million is stable this week at 70. No sales are pending, and there were no closed transactions this week.

The Deschutes County farm listings over 41 million are stable at 14, with no pending or closed transactions for the third consecutive week. Year-to-date 2025, there were 2 sales at $1.45 million and $3.2 million, compared to 2 sales so far in 2026 at $1.375 million and $4.25 million.

Crook County farm listings over $1 million are also steady at 20, with no pending or closed transactions for the eighth consecutive week. Year-to-date 2025 shows no closed transactions for this segment, compared to 2 sales this year at $1.1 million and $2.165 million so far in 2026.

There is a baseline level of activity in Central Oregon at today’s mortgage interest rates, consistent for the past four years. While our overall transaction volume might be down from the highs experienced between 2020 and 2022, the market remains steady. Market conditions have made pricing clear, and buyers are not paying up for homes. Still, desirable homes are selling in single-digit days on the market, for full price or more. With the busy late summer, early fall season at hand, now is the time to act quickly for buyers who find the right property. And sellers who have been on the market for some time would do well to adjust their pricing to position themselves for a sale this year.

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the close by areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

As expected, activity this week is down from the previous week, due to the long holiday weekend. However, the time between now and Labor Day, and through October, can be one of the busiest stretches of the year. The only thing to be said about mortgage rates is that they are stable, and stability is good. Inventory will begin to decline toward winter over the next few weeks, with many sellers lowering their asking prices and positioning themselves for a sale before the end of the year.

Supply in Deschutes County is up by 16 from last week, now at 1,436. This week in 2025, there were 1,575 listings, with a year-over-year inventory deficit that remained consistent throughout the first half of 2026. Seventy-seven sales are pending this week, down by 7 from last week, with 31 of those listings reducing the asking price by an average of 4.75% before securing a buyer. Sixty-four transactions closed this week, down by 59 from last week. The sold-to-original-list-price ratio was 96.5%.

Crook County inventory increased by 10 this week to 259 listings, up from 244 on this week in 2025. Two sales are pending this week, down from 13 last week, with both listings reducing their asking prices before finding a buyer. Eight transactions closed this week, 3 more than last week, with the sold-to-original-list-price ratio at 95.08%.

In Jefferson County, supply is up by one from last week to 154, compared to 120 this week in 2025. Jefferson County stands alone in Central Oregon with increased inventory. Five pending sales are down by four from last week, with three of those sales reducing the asking price an average of 5.42% before securing a buyer. Seven closed transactions are down by two from last week, with a sold-to-original-list-price ratio of 94.22%.

The year-over-year consistency in single-family home sales in Central Oregon is notable, especially considering the difference in supply levels. The stability of mortgage interest rates creates highly predictable conditions for buyers at a time when prices are generally declining. All indications point towards a year with sales volume equal to, if not greater than, that of 2025. However, since the market peaked in 2022, volume and prices have remained stable. One word sums up our housing market for the last few years: “consistent.

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the nearby areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Happy Fourth of July! With the long weekend beginning today, the official kick-off to summer begins. I have been talking about the transition from growing inventory to the decline in supply towards fall for a few weeks now, and that is beginning to show in the data. All price tranches over $1 million in Deschutes County are down or unchanged from last week. However, Crook County inventory in residences and farms listed over $1 million increased. It is common for supply numbers to bounce around before shrinking, which they will do in the next couple of weeks.

Supply in Deschutes County between $1 million and $1,999,999 decreased for the third consecutive week to 351. Production was down this week as most buyers are in vacation mode for the holiday. Eleven pending sales this week are down from 24 last week, with 5 of those listings reducing the asking price by an average of 5.84% before securing a buyer. Twenty-one closed transactions are down 3 from last week, with a sold-to-original-sales-price ratio of 95.34%.

Deschutes County single-family listings between $2 million and $2,999,999 are unchanged from last week at 88. One pending sale occurred this week at $2,995,000 on Deer Ridge Road in Sisters, originally listed at $3.2M after 99 days on the market. Three transactions closed this week: the first at $2,055,000 in Caldera Springs, the second at $2,750,000 0n Swalley Road in Tumalo, and the last at $2,795,000 on Theater Drive on the Deschutes River in Bend. The sold-to-original-list-price ratio was 95.19%.

The inventory over $3 million in Deschutes County is down by 2 from last week to 38. Two sales are pending, the first at $4,250,000 on Cartwright Court in Tetherow, and the second, an incredibly unique location right on the Deschutes River at $9,995,000. One transaction closed at $5,125,000 on MacAlpine Loopp in the Highlands at Broken Top after 1,133 days on the market, and for 38.73% of the original list price. This was unquestionably a big week for the top tier of the Central Oregon Luxury Market!

While Deschutes County luxury inventory is in decline, Crook County listings are increasing. This shows that the two neighboring counties have their own trends, but it won’t be long before Crook County's supply begins its downward slide towards fall. It typically takes a week after the Fourth of July holiday before production increases back to pre-holiday levels. Based on recent data, I anticipate a busy summer and fall, possibly making up the gap between 2026 and 2025 before the year ends.

Happy 250th Fourth of July! 

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the close by areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Today marks the start of the third quarter of 2026, and the national average for a 30-year fixed-rate mortgage is 6.65%. Mortgage rates are following a very narrow range, and trending down slightly since hitting a high of 6.75% on May 19. Supply in both Crook and Jefferson counties declined slightly this week, while Deschutes County continued to experience a modest increase. The big news this week is a massive increase in sold transaction volume in Deschuyes County heading into the Fourth of July holiday weekend.

Today in Deschutes County, inventory levels increased by 10 from last week to 1,420. Eighty-four pending sales are up 10 from last week, averaging $807,268, and 35 of those transactions have had their list prices reduced by an average of 6.45% before securing a contract. The big news today is the 123 closed transactions this week, double last week's volume. The average sale price was $954,538, with 44 transactions reducing the list price before securing a buyer, for an average of 7.02%. The sold-to-original-list-price ratio was 95.87%.

Crook County supply dropped by 1 from last week to 249. Thirteen sales are pending this week, compared to 7 last week, averaging $660,984, and 9 have reduced the asking price by an average of 8.8% before securing a buyer. Five transactions closed this week, up 2 from last week. The average sale price was $598,000, with 4 of those transactions reducing the asking price before securing a buyer, an average of 10.39%. The sold-to-original-list-price ratio was 90.76%

Inventory in Jefferson County decreased by 4 from last week to 153. Nine sales are pending this week, averaging $497,311, and 4 of those listings have reduced their asking prices by an average of 10.87% before securing a buyer. Nine transactions closed this week, averaging $545,029, with 1 listing reducing the asking price by 3.35% before securing a buyer. The sold-to-original-list-price ratio was 98.12%.

Typically, sales slow during the Fourth of July holiday, before picking up for one of the busiest times of year heading into Labor Day. However, the significant increase in sales volume in Deschutes County could be an early indication of increased demand as we begin the second half of 2026. Also typical of this time of year, more price decreases are rolling in as sellers try to position themselves for a sale this summer or fall. Conditions are stable, and aside from elevated mortgage interest rates, they slightly favor buyers.

I hope you and your families have a wonderful holiday full of fun and relaxation!

 

Sign Up for the Central Oregon Market Report

 

Sign Up for the Central Oregon Luxury Market Report

 

Click here for the full report.

Your Bend Real Estate Agent is here to help

Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the nearby areas, I want to help you find the perfect property. Even if you are in the beginning stages of your search, I always like to be a resource, no pressure ever.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram