My Weekly Central Oregon Real Estate Blog

Every Wednesday morning, I post a market report for Central Oregon with information about homes, market trends, and real estate news, and on Friday, I post about the luxury market. Register today, or contact Reed for immediate assistance. 

Nov. 6, 2026

Central Oregon Luxury Market Report | November 6, 2026

Central Oregon Luxury Market report for November 6, 2026
After several weeks of rising mortgage rates, rates have eased, with the national average for a 30-year Jumbo loan down 17 basis points from last week. Some market segments have picked up, while others have slowed, which is typical for this time of year. With Thanksgiving less than three weeks away, many buyers will shift their focus to family and holiday travel, putting real estate on the back burner. Great opportunities remain, but this time of year also starts setting up the spring market. With inventory remaining somewhat elevated and sellers willing to drop prices, this spring is shaping up to favor buyers more than in several years. The last piece of the equation is the trajectory of mortgage rates, starting with the Fed’s next move in early December.
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This week, the supply of homes in Deschutes County listed between $1 million and $1,999,999 dropped by 25 to 301, the biggest decrease this year. Pending sales doubled this week to ten, with 7 of those listings reducing their asking price by an average of 10.6% before securing a contract. Fifteen closed transactions are down from 17 last week, with the sold-to-original-list-price ratio at 92.33%.
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Deschutes County supply between $2 million and $2,999,999 decreased slightly to 56 from 59 last week. One pending sale occurred in Caldera Springs at $2,189,000; it was new construction marketed for only 26 days. No transactions closed this week.
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Listings over $3 million in Deschutes County fell by 1 to 35 this week. The single pending sale was also new construction in Caldera Springs, a full-price listing of $3,600,000. No closed transactions occurred this week.
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Crook County listings declined by 3 to 76 this week. No pending sales occurred. Two transactions closed this week in Powell Butte at $1,004,000 and $1,750,000, with sold-to-original-list-price ratios of 79.91% and 91.36%, respectively.
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Deschutes County Farm listings over $1 million fell from 14 to 13, with 7 of those properties reducing their asking price by an average of 7.62%. Crook County Farm listings over $1 million increased by 1 to 15, with 9 of those properties reducing their asking price by an average of 7.14%. Neither county had any pending or closed transactions this week.
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The next two months in Central Oregon real estate will fly by, with five holidays and many people taking time off. Inventory will decline, and sellers motivated to sell by year-end, or before spring, will further reduce asking prices. Whether you are looking to buy or sell this year, or targeting 2027, now is a key time to track the market and see what trends are developing for next year.

 

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Reed

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.
Posted in 2026 Luxury Market Reports, Q4 Market Reports - 2026
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Nov. 4, 2026

Central Oregon Market Report | November 4, 2026

Central Oregon Market Report for November 4, 2026
With Thanksgiving just three weeks away, activity across parts of Central Oregon has slowed. After a big spike in mortgage rates a few weeks ago, rates have come down considerably, dropping 8 basis points since yesterday to 7.22%. Significant uncertainty remains about where the economy ends up over the next few months, but decisive mid-term results should help ease some anxiety. With mortgage rates down 25 basis points from recent highs, the affordability equation for buyers is improving as sellers make big moves to secure sales.
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Deschutes County supply decreased significantly this week to 1,263, down 63 from last week. Pending sales fell 7 from last week to 38, and 24 of those listings reduced their asking price by an average of nearly 8% before securing a contract. Fifty-nine closed transactions are up 2 from last week, with 32 of those listings reducing their asking price by an average of 8.25% before securing a buyer. The sold-to-original-list-price ratio was 93.34%, while the average closed sale price was $1,044,200.
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Crook County’s inventory drop was more modest than in Deschutes County, down 7 from last week to 264. Seven pending sales match last week’s activity, with 4 of those listings reducing their asking price by an average of 7.24% before securing a contract. Eight closed transactions are up by 3 from last week, with 5 of those listings reducing their asking price by an average of 14.49% before securing a buyer. The sold-to-original-list-price ratio was 86.3%, and the average closed sale price was $624,878.
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Inventory in Jefferson County fell by 6 to 142. Pending sales are up 5 to 8, and 5 of those listings reduced their asking price by an average of 12.83% before securing a contract. Closed transactions are down 1 from last week to 4, with 3 reducing the asking price by an average of 4.86%. The sold-to-original-list-price ratio was 95.52%, with the average closed sale price at $354,975.
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Double-digit price reductions have increased this fall as sellers do what is necessary to entice buyers. Combined with softening mortgage interest rates, buyer opportunities are plentiful. Supply remains elevated, giving buyers plenty of choices. If the Federal Reserve holds interest rates again in early December, with the next meeting not scheduled until January 28, 2027, the housing market can take a breath. December and January are the slowest months of the year for real estate sales in Central Oregon, but despite elevated mortgage rates, conditions are favorable to buyers. Still, sellers on the market today will need to take a hard look at price reductions or seller credits toward buyer closing costs. And sellers coming to market over the foreseeable future will need to price according to market conditions.

 

 

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Reed

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.
Posted in 2026 Market Reports, Q4 Market Reports - 2026
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Oct. 30, 2026

Central Oregon Luxury Market Report | October 30, 2026

Central Oregon Luxury Market Report for October 30, 2026
After the Federal Reserve held rates at its last meeting, mortgage rates have softened by a few basis points. Still, the market shift has already occurred, and the trend for the rest of 2026 is set. At the top of the market, activity is steady, and prices are firm, with double-digit price reductions at the lower end. Inventory is holding steady and even increasing in some price tranches, which is atypical for this time of year. Cash buyers are in a particularly strong position in today’s housing market.
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Deschutes County supply for single-family homes between $1 million and $1,999,999 increased by 4 this week to 326. One hundred ninety-nine of the active listings dropped their list price by an average of 8.15%. Pending sales fell to 5 this week, down from 9 last week and 14 three weeks ago. Four of the 5 pending sales reduced their asking price by 10.5% before securing a contract. Seventeen closed transactions this week is up 4 from last week, with 14 of those listings reducing their asking price by an average of 9.91% before securing a buyer. The sold-to-original-list-price ratio was 88.29% this week.
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Inventory of Deschutes County listings between $2 million and $2,999,999 dropped from 66 to 59. Twenty-one of the active listings dropped their list price by an average of 9.95%. One pending sale matches last week's volume: a home listed at $2 million in Tetherow, with a 12.85% price decrease before securing a contract. Four closed transactions also match last week’s volume, with three of those listings reducing their asking price by an average of 14.64% before securing a buyer. The sold-to-original-list-price ratio was 85.48%.
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Homes in Deschutes County listed over $3 million dropped by 1 this week to 36. Seventeen of the active listings dropped their list price by an average of 14.36%. No pending sales occurred this week, and one transaction closed in Broken Top at the full list price of $4,490,000.
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Crook County listings over $1 million dropped from 80 to 79 this week, with 37 of those listings decreasing their asking price by an average of 6.17%. Two sales are pending this week at $1,180,000 and $1,749,000, with the latter dropping 10.26% before securing a contract. One transaction closed this week at $1,800,000, 93.5% of the original list price.
Deschutes County and Crook County Farm listings over $1 million are both steady at 14, with no activity this week.
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With Thanksgiving only a month away, the trends we are seeing today will hold through the end of the year. There is every reason to believe the Federal Reserve will raise the overnight rate by 25 basis points at the December meeting, pushing the current housing market trends into early 2027, and possibly beyond. This is the biggest shift in the Central Oregon housing market since the pandemic-era price run-up. Double-digit price-reduction averages have been rare since the market peaked in 2022, but now seem commonplace as sellers adjust to attract buyers. Cash buyers are in a particularly strong position, while sellers need to price for the current market or risk sitting on the sidelines.

 

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Reed

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.
Posted in 2026 Luxury Market Reports, Q4 Market Reports - 2026
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Oct. 28, 2026

Central Oregon Market Report | October 28, 2026

Central Oregon Market Report for October 28, 2026
Mortgage rates are down by 5 basis points from last week, bringing the national average for a 30-year fixed-rate conventional loan to 7.35%. The Federal Reserve voted to hold rates today, with the next meeting on December 9. This is good news for buyers looking over the next several weeks, as inventory is still high and sellers are more open to negotiating than in the recent past. The mountains received a good taste of early snow, but weather in town has been relatively mild, continuing our beautiful fall weather. Buyers hoping to close by year-end are seeing better-than-expected conditions.
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Supply of single-family homes in Deschutes County fell by 20 this week to 1,326, with 850 listings reducing their asking price by an average of 6.75%. This is a massive64% of the available inventory! Forty-five pending sales are up by 5 from last week, with 29 of those properties reducing their asking price by 8.33% before securing a contract. Sellers are accommodating, and buyers are taking advantage. Fifty-seven transactions closed this week, down by 12 from last week, with the average sold-to-original-list-price ratio at 93.45%.
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Crook County supply is stable at 271, down just 1 from last week, with 151 (55.72%) of those listings reducing their asking price by an average of 6.81%. Seven pending sales are up from 4 last week, with 6 of those listings reducing their asking price by an average of 7.72% before securing a contract. Five closed transactions are down by 3 from last week, with the average sold-to-original-list-price ratio at 96.87%.
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Jefferson County inventory decreased by 3 to 148 this week, with 91 (61.49%) decreasing their asking price by an average of 6.23%. Pending sales fell from 4 to 3 this week, and 1 of those listings reduced the asking price by 1.32% before securing a contract—five closed transactions match last week's total, with the average sold-to-original-list-price ratio at 99.02%.
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Lower-priced listings have much narrower margins for sellers, so price reductions are not as dramatic as with more expensive properties. In Jefferson County, many sellers have been adjusting prices downward for some time, creating very appealing prices for buyers. But all across Central Oregon, prices are softening. It is too early to make any 2027 predictions, but today's conditions are favorable for buyers, especially when you factor in interest rate bu downs paid by sellers. Whether you have questions about how to structure a deal to take advantage of a rate buydown, or you need an analysis to check your position in the market, I am available when you are!

 

 

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Reed

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.
Posted in 2026 Market Reports, Q4 Market Reports - 2026
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Oct. 23, 2026

Central Oregon Luxury Market Report | October 23, 2026

Central Oregon Luxury Market Report for October 23, 2026
With Thanksgiving only a few weeks away, activity in the Central Oregon Luxury market slows considerably at this time of year. The biggest discussions lately have been about interest rates, but activity in higher-priced properties has remained steady. Supply is elevated, and our weather has been mild, giving buyers the advantage, while sellers are more open to negotiating than in some time. It never hurts to look, and conditions this fall are probably better than many would assume.
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Supply of homes in Deschutes County between $1 million and $1,999,999 decreased by 1 this week to 322. Nine pending sales are down by 1 from last week, with 7 of those listings reducing their asking price by an average of 7.86% before securing a contract. Thirteen closed transactions are up 3 from last week, with a sold-to-list-price ratio of 97.08% and a sold-to-original-list-price ratio of 89.59%.
Year-to-date 2025, 580 closed transactions occurred between $1 million and $1,999,999, averaging $1,367,523, compared to 567 this year, averaging $1,357,401.
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Deschutes County single-family home listings between $2 million and $2,999,999 decreased by 5 this week to 66. One pending sale in Tetherow at $2,620,000 occurred after only 37 days on the market. Four closed transactions this week are up from 3 last week, with a sold-to-list-price ratio of 98.04% and a sold-to-original-list-price ratio of 97.7%. Closed transactions saw only one price reduction, a minuscule 1.41%, before securing a buyer. In this price tranche, there is no sign that higher mortgage rates created pressure, with three of the four transactions using financing.
Year-to-date 2025, 85 closed transactions occurred between $2 million and $2,999,999, averaging $2,387,203, compared to 99 this year, averaging $2,410,758.
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Deschutes County listings over $3 million remained stable at 37 this week. One pending sale occurred in North Rim at $3,550,000, originally listed at $3,750,000. Two transactions closed this week: the first on Fryrear Road in Sisters at $5,080,000 (initially listed at $5,350,000) and listed for only 7 days. The second closing in Caldera Springs closed above the list price of $3,175,000 at $3,322,913. The last week in this price tranche to have more than one closed transaction was August 21.
Year-to-date 2025, 34 closed transactions occurred over $3 million, averaging $3,859,761, compared to 30 this year, averaging $4,135,459.
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Crook County listings over $1 million increased by 4 this week to 80. Two transactions are pending in Brasada Ranch this week: a cabin listed at $1,195,000 and a home on Caballo Court listed at $1,949,000. No sales closed this week.
Year-to-date 2025, 38 closed transactions occurred over $1 million, averaging $1,566,544, compared to 41 this year, averaging $2,077,640.
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Both Deschutes and Crook County farm listings over $1 million remain stable at 14 in each county. No pending or closed activity took place this week.
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Higher mortgage interest rates can affect the housing market unevenly, especially at higher price points. Inventory can sometimes grow, and activity can slow, but as this week's numbers show, that isn’t always the case. The biggest takeaway from this week's data is the variation between locations and price points throughout Central Oregon. Please reach out for a personalized market analysis to help plan your next move!

 

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Reed

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.
Posted in 2026 Luxury Market Reports, Q4 Market Reports - 2026
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Oct. 21, 2026

Central Oregon Market Report | October 21, 2026

Central Oregon Market Report for October 21, 2026

Mortgage rates have fallen slightly from recent highs, but the Central Oregon housing market has slowed, and with the holiday season just around the corner, sales volume is unlikely to increase. However, sellers are negotiating on price and, in many cases, offering seller credits toward rate buydowns that make a compelling case for buyers. Supply remains steady, giving buyers more selection than typically seen this time of year and creating some great opportunities this fall.

 

Deschutes County inventory declined to 1,346 today, down 12 from last week, compared to 1,255 this week last year. Forty pending sales are down by 4 from last week, compared to 64 on this week last year. Closed transactions this week are steady at 69, up by 11 from last week, with 38 of those sales reducing their asking price by an average of 8.35% before securing a buyer. The sold-to-original-list price ratio was 93.96%.

 

Crook County inventory increased by 5 this week to 272, compared to 217 this week last year. Four pending sales match last week's volume, but are half the volume of this week last year. Closed transactions were strong at 8, double last week's total, and 5 of those transactions reduced their asking price by an average of 7.46% before securing a buyer. The sold-to-original-list-price ratio was 91.1%.

 

Jefferson County inventory is stable at 151, up from 130 on this week last year. Four pending sales this week are down by 1 from last week, compared to 3 on this week last year. Five closed transactions match this week last year, up from 1 last week, and 4 of those listings reduced their asking price by an average of 7.36% before securing a buyer. The sold-to-original-list-price ratio was 94.27%.

 

This fall, our weather has been wonderful, giving buyers every opportunity to explore their options fully. Sellers are showing their motivation with price reductions, negotiating beyond those initial drops, and, in some cases, offering seller credits for rate buydowns. Together, these moves have negated the impact of higher mortgage rates in some deals, creating real opportunities for buyers. After years of stable pricing in the Central Oregon housing market, prices falling despite higher mortgage rates is a welcome relief for today's buyer.

 

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Reed

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.
Posted in 2026 Market Reports, Q4 Market Reports - 2026
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Oct. 16, 2026

Central Oregon Luxury Market Report | October 16, 2026

Central Oregon Luxury Market Report for October 16, 2026
Mortgage rates have stabilized after several weeks of steady increases. Although a recent CPI print nearly doubled expectations, another Federal Reserve increase in the overnight federal funds rate is all but guaranteed at the October 27 meeting. However, lenders have already priced future rate increases into current loan rates, and a jump in mortgage rates is not expected. While our fall weather has been warm and mild, economic uncertainty has brought housing market activity down considerably. For buyers less sensitive to borrowing costs, there are some potentially fantastic deals.
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Deschutes County inventory listed between $1 million and $1,999,999 fell by 8 this week to 323, and 198 of those listings lowered their asking price by an average of 8.21%. Considering that many of these sellers would entertain prices below their current asking price, the potential opportunity in this price tranche is obvious. Ten pending sales this week are 4 fewer than last week, with 80% of those listings reducing their asking price by an average of 8.93% before securing a contract. Ten closed transactions this week are two fewer than last week, with 40% of those listings reducing their asking price by an average of 19.27%, and a median reduction of 11.12%. The sold-to-original-list-price ratio was 88.14%.
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Supply of Deschutes County listings between $2 million and $2,999,999 increased by 1 this week to 71, with 27 of those listings reducing their asking price by an average of 9.28%. No sales were pending this week, but three transactions closed, and one sale reduced the asking price by 2.08% before securing a buyer. The sold-to-original-list-price ratio was 96.82%.
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Listings over $3 million in Deschutes County decreased by 1 to 37 this week, with 18 of those properties reducing their asking price by an average of 14.02%. One sale is pending this week (zero last week) at $4,490,000 in Broken Top after only 19 days on the market. Despite market uncertainty, buyers are still stepping up when the right property becomes available. No sales closed this week.
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Crook County listings over $1 million increased by 1 this week to 76, with 37 of those properties reducing their asking price by an average of 6.06%. No sales were pending this week, with one sale in Brasada Ranch at $1,400,000, which is 96.55% of the original asking price.
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Deschutes County farm listings over $1 million increased by one this week to 14, with half of those properties reducing their asking price by an average of 12.71%. No sales were pending this week, but a rare closed transaction occurred for $1,550,000. This property, located east of Bend, was on the market for 584 days and closed at 51.68% of the original list price.
There was no activity in the Crook County farm market over $1 million this week, and inventory is stable at 15.
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Not every buyer is interested in engaging the market today, but those who are are finding sellers willing to negotiate. Inventory levels are also holding, giving buyers more selection than typical for this time of year. With sunny, mild weather in the forecast, the opportunities to view property are unhindered, and sellers’ willingness to negotiate is unlikely to change. I don’t think anyone expected the housing market to look like it does today at this time of year. But the opportunities right now are as good as have been available in several years, especially in the $1 million to $2 million price range.

 

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Reed

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.
Posted in 2026 Luxury Market Reports, Q4 Luxury Market Reports - 2026
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Oct. 14, 2026

Central Oregon Market Report | October 14, 2026

Central Oregon Market Report for October 14, 2026
Breaking with seasonal trends, every county in Central Oregon saw a week-over-week inventory increase. While mortgage rates softened a bit, they remain near three-year highs, dramatically increasing borrowing costs from just a few weeks ago. With the latest Consumer Price Index Report coming in at 0.335% versus an expected 0.2%, it is almost certain the Federal Reserve will raise the overnight federal funds rate at the October 27-28 meeting. However, with markets pricing in rate hikes, I don’t expect mortgage rates to move much on another rise in the overnight rate. As expected given this economic news, activity in our local housing market was subdued this week.
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Deschutes County single-family properties increased by 4 this week to 1,358, and 855 of these listings reduced their asking price by an average of 6.73%. An increase in supply is not typical for this time of year, but it is easily explained considering only forty-four pending sales, down 18 from last week. Twenty-eight of the pending sales reduced their asking price by an average of 8.17%. Fifty-eight closed transactions this week are down by 5 from last week, but these transactions were placed under contract before the recent rate increases. Twenty-nine of the closed sales reduced their asking price by an average of 7.49%, with the sold-to-original-list-price ratio at 95.02%.
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Inventory in Crook County increased by 3 this week to 267, with 152 active listings reducing their asking price by an average of 6.6%. Four pending sales this week are half of last week’s activity, with 3 of those transactions reducing their asking price before securing a contract by an average of 17.01%! Four closed transactions this week are one-third of last week’s total, with two of those properties reducing their asking price before securing a buyer by an average of 3.57%. This week's sold-to-original-list-price ratio was 94.75%.
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In Jefferson County, supply increased by one to 151 this week, with 85 of those properties reducing their asking price by an average of 7.25%. Pending sales rose to 5 this week, up 2, and 4 of those properties reduced their asking price by an average of 3.59% before securing a contract. One property closed this week in Culver at $379,950, 97.44% of the original list price.
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With winter looming and borrowing costs rising, sellers are getting creative by offering credits toward rate buydowns and negotiating on price. Motivated sellers may not be able to offset higher borrowing costs fully, but in many cases, they are getting close. Every buyer has a unique situation, but this fall is shaping up to be one of those rare opportunities to get a great deal on Central Oregon real estate. If you are not familiar with rate buydowns or haven’t considered an adjustable-rate mortgage, these products might be worth exploring. I would caution any buyer against assuming mortgage rates will decrease significantly anytime soon, especially given this week's hot CPI numbers. For investors, calculating the real interest rate is an important consideration before moving forward.
Market analysis is especially important right now, and exceedingly challenging as our market adjusts to the current economic climate. I produce these analyses several times a week, and I would be happy to run a report based on your specific needs. As quickly as the market is adjusting, you might be surprised by what you find!

 

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Reed

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.
Posted in 2026 Market Reports, Q4 Market Reports - 2026
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Oct. 9, 2026

Central Oregon Luxury Market Report | October 9, 2026

Central Oregon Luxury Market Report for October 9, 2026
After several weeks of rising mortgage interest rates, rates have stabilized, with the national average for a 30-year Jumbo loan at 7.63% today. Inventory levels are stable, with activity steady in most segments, with exceptions. With mild fall weather in the air, conditions for buyers are good, though borrowing costs are higher.
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Deschutes County single-family listings between $1 million and $1,999,999 are down by 7 from last week to 331. Two hundred eleven of the active listings reduced their asking price by an average of 8.13%. Fourteen pending sales are the same as last week, with half of those listings reducing their asking price by an average of 10.09% before securing a contract. Twelve closed transactions are down from 20 last week, with 4 reducing the asking price by an average of 7.21% before securing a buyer. The sold-to-original-list-price ratio was 96.49%.
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This week, activity in the $2 million to $2,999,999 tranche in Deschutes County was strong, and inventory increased by 2 to 70 single-family listings. Twenty-seven of the active listings reduced their asking price by an average of 9.23%. Pending sales doubled to 2 from last week, with both listings reducing their asking price by 2.04% and 3.34%, respectively. Four closed transactions are up from 1 last week, with 3 of those listings reducing their asking price by an average of 6.06% before securing a buyer, and a sold-to-original-list-price ratio of 92.37%.
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Inventory of Deschutes County listings over $3 million decreased to 38 this week, down from 40. Eighteen of the active listings reduced their asking price by an average of 13.59%. No sales are pending this week, and one transaction closed in Caldera Springs at $3,100,000, 98.41% of the original list price.
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Crook County listings over $1 million remain stable at 74, with 37 reducing their asking price by an average of 7.05%. No transactions went pending or closed this week.
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No pending or closed transactions occurred in the Deschutes County farm listings over $1 million, while inventory remains at 13. Crook County farm listings over $1 million increased by 1 to 15, with no pending or closed sales.
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With mortgage rates stabilized, luxury buyers using financing have a lot in their favor as the season winds down. A large percentage of the luxury inventory has already reduced asking prices considerably, and sellers today are willing to negotiate further. Any offer today should start with a comprehensive market analysis, and I am happy to help, no matter what property you are considering.

 

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Reed

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.
Posted in 2026 Luxury Market Reports, Q4 Luxury Market Reports - 2026
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Oct. 7, 2026

Central Oregon Market Report | October 7, 2026

Central Oregon Market Report for October 7, 2026
After several weeks of volatility, mortgage interest rates appear to have stabilized, with the national average for a 30-year fixed-rate conventional loan at 7.59% today. While the Federal Reserve is likely to raise rates again over the next several months, mortgage rates price in those increases and are unlikely to change dramatically. Unless Kevin Warsh changes his narrative significantly, we have settled into the next rate cycle for now. As expected, activity has softened a bit, but many buyers have waited all year for the right opportunities to arise and are undeterred. With the holiday season and (hopefully!) winter weather on the way, I anticipate stable activity over the next several weeks as we head into winter.
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Deschutes County inventory is now in steady seasonal decline, down 28 from last week to 1,354. Sixty-two pending sales are up by 4 from last week, with 37 of those listings reducing their asking price by an average of 7.19% before securing a contract. Sixty-three closed transactions are down 16 from last week, with 28 of those listings reducing the asking price by an average of 7.76% before securing a buyer, and a sold-to-original-list-price ratio of 94.96%.
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Crook County’s inventory has resisted the seasonal decline and is up one from last week to 264. Eight pending sales are down 4 from last week, with all of those listings reducing their asking price before securing a contract by an average of 6.41%. Twelve closed transactions this week are a huge jump from last week's 3 closed deals, with half of those listings reducing their asking price by an average of 4.55% before securing a buyer. The sold-to-original-list-price ratio was 96.71%.
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Inventory in Jefferson County has also resisted the typical seasonal decline, dropping three from last week to 150. Pending transactions fell sharply to 3 from last week’s 7, with one listing reducing the asking price by 3.66% before securing a contract. Eight closed transactions are double last week’s total, with 3 reducing the asking price by 4.25% before securing a buyer. The sold-to-original-list-price ratio was 96.37%.
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In both Crook and Jefferson County, the lower average sale price and higher percentage of lower-priced properties have kept the sold-to-original-list-price ratio higher, since many of these homes are priced low enough that buyers can secure financing, with enough competition to keep prices firm. In Deschutes County, where a higher percentage of homes push the price envelope, sellers have more wiggle room to adjust prices to secure a buyer, resulting in a slightly lower sold-to-original-list-price ratio. No matter which county in Central Oregon you are looking in, sellers are showing motivation, and prices are softening up a bit.

 

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Reed

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.
Posted in 2026 Market Reports, Q4 Market Reports - 2026
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