After hitting a three-year low of 5.99%, the national average for a 30-year fixed-rate conventional mortgage bounced up slightly to 6.07%. Still, rates are near their lowest point in this cycle, and housing market activity remains steady. Yesterday in Bend, temperatures were above 60 degrees, another factor helping this winter's housing market activity.
This morning, in Deschutes County, the supply of actively listed single-family homes is 779, 17 fewer than last week. Fifty-six pending sales are the most since November, averaging $856,441, with the average price reduction before securing a buyer at 8.07%. Thirty-nine transactions closed this week, averaging $842,986, with 30 of those sales reducing the asking price by an average of 6.18%. The sold-to-original-list-price ratio was 92.96%.
The inventory in Crook County this week increased by five to 150. There were five pending sales this week, averaging $705,780, with four of those listings decreasing the asking price an average of 4.77% before securing a buyer. Six transactions closed this week, averaging $562,665, with the average price reduction before securing a sale at 7.11%. The sold-to-original-list-price ratio was 93.41%.
The supply of single-family listings in Jefferson County this week decreased by 2, to 113. Four pending sales occurred this week, averaging $441,500, with three reducing the list price by an average of 6.25% before securing a buyer. Two transactions closed this week at $378,000 and $500,000, with one decreasing the list price by 11.26% before securing a contract. The sold-to-original-list-price ratio for the $378k sale was 99.5%, while the ratio for the $500k sale was 74.07%. Three manufactured homes on land closed this week, averaging $293,665, with the sold-to-original-list-price ratio at 85.6%.
In 2025, in Jefferson County, 247 single-family homes sold, averaging $433,807, with 69 manufactured homes on land selling at an average of $420,403. The median acreage of the single-family sales was .21 acres, with the median for the manufactured homes on land at 1.82 acres. I focus primarily on single-family homes for all my analytics because it is the largest data pool and provides the most insight into market trends. However, for many buyers focused on lot size and location, especially in Central Oregon's outlying areas, manufactured homes on land are worth considering.
All indications already point to an active 2026 for the Central Oregon housing market. Today, rates are near three-year lows, and sellers are negotiating to close deals. With the stretch of fantastic weather we are experiencing, now is a great time to take a look at what is available, when buyer competition is down from peak season activity. If a property that suits you is available today, the chances of negotiating a lower price than in the summer, with less competition, are high.
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