Weekly Central Oregon market update with MLS-backed data for Deschutes, Crook, and Jefferson counties — inventory is rising, and roughly half of active listings show price reductions. Read the full snapshot for county-level stats, pending/closed activity, and practical takeaways for buyers and sellers.
Executive summary
Inventory is up year‑to‑date across Deschutes, Crook, and Jefferson counties, with roughly half of active listings showing price reductions. Buyers have more choices; sellers must price competitively to attract offers.
Market snapshot — Deschutes County
- Active: 764 (+3 wk)
- Price reductions: 382 (50.0%), avg −6.04%
- Pending: 44 (−13 wk); 21 pendings cut price before contract, avg −6.98%
- Closed: 56 (+20 wk); 36 had price cuts, avg −8.70%
- Sold-to-original-list-price: 92.57%
Crook County
- Active: 152 (−2 wk)
- Price reductions: 80 (52.6%), avg −6.69%
- Pending: 10 (+4 wk); 3 pendings cut price before contract, avg −8.23%
- Closed: 4 (+1 wk); 2 had price cuts, avg −6.92%
- Sold-to-original-list-price: 96.27%
Jefferson County
- Active: 107 (−4 wk)
- Price reductions: 63 (58.9%), avg −4.34%
- Pending: 7 (−2 wk); 3 pendings cut price before contract, avg −2.24%
- Closed: 2 (−2 wk); 1 had a price cut, avg −8.15%
- Sold-to-original-list-price: 93.53%
What this means
- Inventory is building faster than last year, giving buyers more options in 2026 and creating more competition for sellers.
- Many sellers are using price reductions to generate interest; overpricing leads to longer marketing times and successive cuts.
- Mortgage rates are steady: the national average 30‑year fixed is about 6.20%, which, combined with rising inventory, favors buyers.
Bottom line
The Federal Reserve transition could affect rates over time, but current conditions — lower rates and increased selection — are favoring buyers more than in recent years. I expect inventory to grow incrementally compared with last year, keeping pricing pressure in check. I do not expect a dramatic drop in home prices; rather, I expect increased competition at each price point and a more balanced, healthy market.
Want a tailored market analysis for your neighborhood or price range? Request a custom report or schedule a consult: reed@enjoybendlife.com
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