Market statistics may not be the most exciting thing you read each week, but I write these reports to share real-time data directly from our MLS, so anyone looking at the housing market will benefit. Many will focus on their wish list as buyers, or what they hope to get from a sale, which are undoubtedly important considerations. However, without a basis for where the market stands, either of those criteria can quickly lead to frustration. It is far better to understand the price range a home is likely to sell for and adjust accordingly than to enter the market with unrealistic expectations, only to be disappointed. I regularly speak with out-of-town buyers who are unfamiliar with our market and list a string of requirements for their future home in Central Oregon, with a maximum budget that can't get the job done. My goal here is to share valuable, up-to-date information to help you make the best decision possible, no matter your goals in Central Oregon!
This morning, in Deschutes County, there are 761 active single-family home listings, down 10 from last week. 57 sales are pending, down 6 from last week, and averaging $785,346. 37 of the pending sales reduced the asking price before securing a buyer by 7.72%. 36 transactions closed this week, up three from last week, with 24 of those listings reducing the asking price an average of 5.93% before securing a contract. The sold-to-original-list-price ratio was 94.35%.
In Crook County, inventory increased for the third consecutive week, with 154 listings this morning, up by two from last week. Six pending sales are up 2 from last week, averaging $594,067, with 3 of those properties reducing their asking prices by an average of 4.18% before securing a buyer. Three transactions closed this week, with one of those sales reducing the asking price 10.01% before securing a contract. One of those sales was on the market for just 5 days, with another for 15 days, remarkably quick for this time of year. The sold-to-original-list-price ratio was 95.41% for the week.
Jefferson County inventory has been steady but bouncing around, with 111 listings this morning, down five from last week. On the last day of 2025, there were 124 listings. Nine sales are pending this week, averaging $401,861, showing strong activity. Pending sales increased by 8 from last week. Six of the pending sales decreased the asking price by an average of 3.74% before securing a contract. Four transactions closed this week, with three of those properties reducing their asking prices by an average of 1.96% before securing a contract. The sold-to-original-list-price ratio this week was 97.21%.
After some volatility in the mortgage markets over the last few weeks, the trend has been heading lower, with the national average for a 30-year fixed-rate conventional mortgage at 6.17%. Lower mortgage rates are particularly helpful at lower price points, and buyers in Central Oregon are taking advantage. Our non-winter weather also helps keep the market moving, with steady activity continuing. Inventory is slightly higher than this time last year across all three counties of Central Oregon, an early indication that sales in 2026 will exceed those in 2025. While prices are stable, conditions for buyers continue to improve.
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