Strong pending-sale activity this week throughout Central Oregon coincides with rising supply and lower mortgage interest rates. With more homes available, buyers have an easier time finding what they want, and lower interest rates soften monthly payments. Mild spring weather also makes touring properties easier. However, sales year-to-date in 2026 are down, with mixed sales price numbers.
This morning in Deschutes County, there are 853 single-family homes listed, up by 25 from last week. Pending sales matched last week at 72, with the median days on market at just 12, and the average list price at $824,993. Fifty-nine transactions closed this week, averaging $822,760, with the sold-to-original-list-price ratio at 94.92%. At this point in 2025, 465 single-family sales were averaging $855,016. To date this year, there have been 425 sales averaging $833,812. I expect this gap to narrow as the year progresses, but these numbers are not what you would expect given that mortgage rates have dropped significantly since last year.
Crook County inventory is up by eight this week, now at 169 single-family listings. Twelve pending sales this week are up five, with the median days listed at 100 and the average list price at $520,967. Eight transactions closed this week, averaging $487,112, and the sold-to-original-list-price ratio at 87.37%. To date this year, there have been 47 sales, compared to 48 last year. The Average sale price at this point in 2025 was $402,400, compared to 494,000 this year.
Jefferson County's inventory declined by two this week to 108. Eight pending sales match last week, with a median days listed of 127 and an average list price of $404,843. Six transactions closed this week, averaging $366,491, with the sold-to-original-list-price ratio at 97.42%. So far in 2026, there have been 30 closed transactions averaging $413,561, compared to 41 and $428,768 in 2025.
There could be any number of reasons sales are down this year to date, but some are likely waiting to see if mortgage rates go lower. Inventory across all three counties of Central Oregon is up year to date, and combined with lower mortgage interest rates and sellers being more realistic about price, it is only a matter of time before buyers step up. However, early indications suggest buyers are somewhat cautious, which sellers should keep in mind when pricing their homes.
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