My Weekly Central Oregon Real Estate Blog

On May 9th, I will report how 2025 compares to the last four years, starting in 2021, so keep an eye out for that analysis. Without the context of seeing how any year compares with the recent past, it can be challenging to know whether today's trends are indicative of a strong market or just typical activity. Spoiler alert: the market above $1M is strong! In Crook County, there have been ten sales YTD above $1M, bested by both 2022 and 2023 at 15 and 14, respectively. In Deschutes County, only 2022 had better numbers, with 263 sales YTD, compared to 218 this year. 

This morning, in Deschutes County, there are 325 single-family homes listed between $1M and $1,999,999, an increase of seventeen from last week. This price tranche is the only segment above $1M to see inventory growth this week. With sixteen pending and closed transactions, the activity here is remarkably consistent. The median days listed for pending sales were 34, with the closed transaction days listed as 10. Properties selling at near single-digit days listed are a signal to buyers to be ready and not waste time. While sellers are in a strong position, pricing as close to what the market will bear is imperative in this competitive market segment. 

Inventory between $2M and $2,999,999 dropped by one to 88 single-family listings. Two pending sales, at 32 and 15 days listed and $2,450,000 and $2,575,000, respectively, are double the last three weeks of just one pending sale per week. Two closed transactions on the West Side of Bend occurred at $2M and $2,240,000, at two and 262 days listed last week. But don't let the long marketing time fool you on the $2,240,000 sale; this new construction was listed before construction began. 

Over $3M inventory is flat at 33 single-family listings. One pending sale at $3,995,000 and a full year listed occurred in Tumalo, with two closed transactions at 3,200,000 in SE Bend and the other at $3,350,000 in Tumalo. Marketing time for these sales were 365 and 147 days, respectively, which is typical for the higher end of our market.

Crook County inventory above $1M increased by one to 58 single-family homes. One pending sale listed 333 days and listed for $1,399,000 occurred on Mount Hood Drive in West Powell Butte Estates. Two sales were recorded in Crook County, one on Mt. Adams Loop in West Powell Butte Estates at $1,200,000 and the other in Brasada Ranch at $1,900,000. The West Powell Butte estate sale was listed for just twelve days, while the Brasada Ranch listing was an immediate sale, showing zero days listed. 

Listing growth will be a significant factor in the high-end market over the next few months. If this week is any indication, growth is tepid, putting upward pressure on prices for the remaining inventory. However, it is too early in the season to know whether more properties will list or if constrained supply will become a factor. 

Jumbo mortgage interest rates were flat this week, with the national average at 7.05%. While rates may be high, stability produces steadier activity than volatility, as buyers know what to expect. Even drops in rates can slow activity, with many buyers waiting to see if rates drop even further. I have mentioned several times that I predicted rate volatility of ~30 basis points for the foreseeable future. If a rate drop happens in that range, buyers looking to finance a property purchase should lock in rather than wait for a bigger decrease. Economic conditions today do not put downward pressure on rates. 

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

The word of the year for the mortgage markets is volatility, with the national average for a 30-year fixed-rate mortgage this morning at 6.98%. The chart below illustrates this volatility and shows today's rates are approaching highs for the last year. Interestingly, the lows each of the past three years since rates started climbing up to 7%, the seasonal lows occur near year-end, with rates elevated through the summer. Unfortunately for buyers in Central Oregon, the best selection of homes is available during the summer months, with correspondingly higher rates. However, staying in close contact with your lender creates an opportunity if you use rate volatility to lock in during the brief dips. Wherever rates are on any given day is anyone's guess, and if you don't like them today, waiting several days will likely produce a different number. 

This week, inventory growth in Deschutes County was modest, up 38 to 1,140. Pending sales and the days listed are identical to last week at 70 and 21, with the average sale price up considerably to $882,959 from $744,669. As more homes come to market at higher price points for the summer season, the weekly average sale price typically increases. Fifty-three transactions closed this week at a median days listed of just 27 and an average sale price of $998,464.Sellers are doing well, with twenty-four of the seventy pending sales reducing the price before securing a buyer and twenty-three closed transactions negotiating a price below list. Today's market is bifurcated between rapid sales and lingering inventory, which, in many cases, can be hard to define. Some seemingly well-priced properties are sitting, but most will find a buyer as summer activity picks up.

Crook County inventory also experienced modest growth of four from last week to 188. Six pending sales with just 30 days listed and an average price of $859,950 are in line with previous weeks, but two pending sales over $1M skew the sale price. Eleven closed transactions are the most since July 2024, with a median days listed of only twelve. The average sale price was $722,818, skewed up considerably by two Powell Butte sales and one in Brasada Ranch. 

Jefferson County experienced an active week that reduced inventory by four, bringing the total to 120. Eight pending sales were on the market for a median of 62 days, with an average sale price of $409,325. Four closed transactions occurred in the previous week, with a median of sixty days on the market and an average price of $378,250. 

With activity in the overall market picking up, moving quickly on properties that suit your needs is essential. Not every home sells rapidly, but the extremely diverse inventory of homes in Central Oregon can make finding the right fit challenging. Letting something go that fits your needs can extend the time it takes to find the right property indefinitely.

For sellers, starting with the right price is key to a quick sale, or at least in the ballpark. Knowing what a buyer might be willing to pay for high-end homes in desirable locations can be challenging. Starting high isn't always a terrible strategy as long as a plan to adjust based on buyer feedback is in place. However, even with a lack of showings, you never know when the right buyer might appear. Since every seller has unique circumstances, there is no one-size-fits-all approach.

Sign Up for the Central Oregon Market Report

Sign Up for the Central Oregon Luxury Market Report

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

The mortgage markets calmed down this week and settled back to where rates have been for the last couple of years. Inventory growth continues at a moderate pace, with the notable metric for the week being the remarkably short days on the market for pending and sold listings. Year-to-date in Crook County, over $1M in eight homes have sold compared to four in 2024. All twelve year-to-date closings in Crook County in 2024 and 2025 have been in Brasada Ranch. In Deschutes County, over $1M year-to-date, there have been 198 closings compared to 171 in 2024. The high-end market is moving right along! 

The inventory of homes between $1M and $1,999,999 in Deschutes County increased by thirteen to 308. Fourteen pending sales, at a median days listed of only 17, continue the rapid pace in this competitive market segment. Eight closed transactions, at a median days listed of 35, with four price drops at a median of -5.21%, are consistent with the overall market. 

There are 89 listings between $2M and $2,999,999, up four from last week. One pending sale, with 32 days listed and a list price of $2,225,000, and three closed transactions, with an average of $2,566,666 and a median days listed of only 13, round out this price tranche. 

Thirty-three homes are listed for over $3M, up two from last week. No pending sales were recorded, with two closings at $3,095,000 in Bend and $4,950,000 in Sisters. 

There are 57 listings in Crook County, over $1M, up five from last week. One pending sale is out on Paulina Highway at a list price of $1,445,000, a property with 40 acres and its own airstrip. One transaction closed in Brasada Ranch for $2,447,700 after only 17 days on the market. Looking at Crook County sales of over $1M, Brasada Ranch dominates the market activity.

With sales over $1M throughout Central Oregon outpacing sales since the flurry of activity around the pandemic and days listed barely in the double-digit range, there is little question that high-end sales in Central Oregon are strong. For sellers, now would be a good time to list for maximum exposure through the peak of the selling season. While many homes sell quickly, not every property will move in two weeks. Typically, the Fourth of July is slow, with a lull in activity before the last phase of the selling season kicks in before the winter holidays. For buyers, getting educated about the market today will position you well to evaluate the new listings coming to market over the next several weeks. Rest assured that attractive high-end properties are selling fast this year, with no end to the robust activity. 

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

While mortgage rates may be volatile, the range of volatility is approximately 30 basis points, which, in the big picture, doesn't change mortgage affordability much. This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.88%, down from recent highs and in line with the last several months. Like most news, getting caught up in the daily minutia of interest rates takes the focus off what matters. YTD, sales are still slightly ahead of 2024, which was better than 2023. Prices remain stable or rising when compared to the median sale price of the last two years. Sellers might not see the remarkable appreciation of 2020 through 2022, but sales in many price points are brisk. Buyers confront affordability issues that have remained stable, which makes planning a purchase much easier. Rising inventory continues as expected for late spring.

Single-family listings in Deschutes County increased by 84 this week, now at 1,108. This level of homes for sale has not been matched since October 30, when there were 1,125 listings, and is ahead of last year's pace, when we did not see this volume until June 19, when it was 1,156. With seventy pending sales this week at a median list time of only twenty-one days and a median list price of $744,669, there is no indication of a faltering market. Market strength is also apparent in the sold data, with fifty-one closings this week marketed only twenty-nine days before finding a buyer and a median sale price of $898,069. The median price reduction for pending sales was -2.83% and -2.78% for closed transactions, further proving a strong market. 

Crook County single-family home listings increased by fourteen this week, now at 184. Eight pending sales marketed a median of fifty days with an average sale price of $501,044 show activity below the median active list price of $675k. Two homes closed this week, one on the south side of the Prineville Reservoir at $499k and the other in Brasada Ranch for $2,447,700. Powell Butte and Brasada Ranch consistently record the highest sale prices in Crook County. 

Jefferson County saw an increase of eight listings, showing 124 single-family homes for sale. Five sales are pending at an average of $360k, listed for just thirty-seven days. One transaction closed for $377,225, listed for 359 days. Every home has a buyer, and patience can be a virtue when selling in the outlying areas of Central Oregon. 

Inventory growth in Central Oregon creates opportunities for buyers, but it is constrained enough to keep prices relatively firm. Desirable properties either sell immediately, have multiple offers, or both. Each property is subject to unique appeal; even in the hottest markets, the results are uneven. Accurate pricing, a solid strategy, and a plan for different scenarios are essential for sellers to remember. For buyers, working closely with a lender to take advantage of rate dips and working to understand your particular market segment will help identify the right property. There may be more time to consider properties before making an offer than in years past, but missing out on a great fit never feels good. The next several months in real estate are the busiest of the year, and taking action is necessary when the right property comes along.

Sign Up for the Central Oregon Market Report

Sign Up for the Central Oregon Luxury Market Report

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

The phrase "the elephant in the room" implies a big issue beinbg ignored; when it comes to the economy and tariffs, it seems to be on everyone's mind, particularly stock traders. In the luxury housing markets, it stands to reason that economic volatility would slow activity, which is what this week's numbers show. Last week, the 30-year Jumbo mortgage national average dipped to 6.8%, but as the 10-year Treasury yields spiked to 4.526%, the Jumbo national average shot up to 7.2%. While many luxury buyers engage in cash deals, a 40 basis point swing in mortgage rates is bound to get some attention.

There are 295 single-family listings between the active $1M and $1,999,999 range in Deschutes County, up nineteen from last week. Ten pending listings are the lowest of the previous six weeks, but the median days listed for the pending sales was only eight. Single-digit days on the market are a significant metric and a sign that buyers are wasting no time scooping up desirable properties. Fourteen transactions closed this week at a median marketing time of only twelve days. Less than two weeks of marketing time is notable for both closed and pending sales. 

Eighty-five listings are in Deschutes County between $2M and $2,999,999, an increase of four from last week. After just two days listed, one pending sale at $2,050,000 is in the MLS. No transactions were recorded this week. 

Inventory in Deschutes County above $3M is unchanged at thirty-one. One pending sale at $3,550,000 is in the MLS with a marketing time of 292 days. For unique properties on acreage in the higher price points, longer marketing times are not uncommon before finding the right buyer. Three transactions closed at $3,100,000 (list price $3,149,900), full price at $3,150,000, and $3,600,000. The last closing at $3.6M was listed for $3.1M but came to market on December 12, 2022, for $4.5M. There is always more to the story if you dig a little!

This morning, 52 single-family homes are listed in Crook County above $1M, an increase of four from last week. Two pending sales occurred over the previous week: one for $1,250,000 in Brasada Ranch and another for $1,799,000 in Powell Butte. There was one closed transaction in Brasada Ranch at $1,625,000. 

In my weekly market report, which I send on Wednesdays, I track all price points for single-family homes in Deschutes County, which is a great way to track trends in the overall market. However, the smaller data pool for luxury listings in Central Oregon makes identifying trends less apparent. The analysis is more straightforward for established subdivisions and communities like Brasada Ranch or Tetherow. However, with large acreage properties in unique locations, the analysis requires local knowledge and a different approach 

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

As expected for the season, the inventory of homes for sale throughout Central Oregon is rising, and activity is beginning to increase. The mortgage markets are volatile, with the chaos in the stock and bond markets mainly attributable to the crazy tariff wars. The volatility helped mortgage rates last week but has turned a corner, with the 30-year fixed-rate mortgage at 6.85%, the highest since late February. However, mortgage rates are near the average of the last two years, so in the bigger picture, not much has changed.

Deschutes County inventory increased by sixteen to 1,024 single-family listings. Seventy-eight pending sales are the most since a spike in early March, with a median days listed of only twenty-seven and an average price of $864,786.Fifty-six properties closed after only twenty-one days on the market, at an average price of $903,703. Days listed have increased slightly since 2022, when the pending sales were only five, nineteen this week in 2023, and twenty last year. Only three weeks of listing time before finding a buyer is notably quick and a strong indicator of strength in the housing market.

This morning, 170 single-family homes are listed in Crook County, an increase of eight since last Wednesday. Six pending sales were listed for only seventeen days, with an average sale of $816,150 for the previous seven days, which is a reasonable volume and quick pace—four closed transactions at an average of $792,249 round out the week's activity. Two of the four closed transactions were in Powell Butte, with one of those sales in Brasada Ranch. The two closings in Prineville sold for $499,999 and $315,000. 

Jefferson County inventory increased by nine to 116 listings. The average price of the actively listed homes is $573,575. Nine pending sales, at an average of $422,822, show buyers are engaging the market and stepping up. Two sales closed at $540,000 and $1,200,000. 

With marketing times of less than thirty days through much of Central Oregon, homes that are attractive to buyers are moving quickly. There will always be homes that linger, but for educated buyers waiting for better options, jumping on the right fit is imperative. Making the right decision is easier if you know the market; these reports can help identify trends. However, there is no replacement for seeing properties in person to learn which option is best for you. In most cases, it takes time for buyers to tour homes over an extended period to find the perfect fit. If you want to start learning about the Central Oregon housing market, please contact me to schedule a tour.

Sign Up for the Central Oregon Market Report

Sign Up for the Central Oregon Luxury Market Report

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Inventory in the luxury market is slowly inching up while mortgage rates are falling. This morning, the 30-year Jumbo mortgage national average was 6.8%, down from 7% just a few days ago. With sales only outpaced by blockbuster 2022 activity, 2025 is shaping to be a strong year for the Central Oregon luxury market. With fantastic weather on tap for the weekend, buyers should be out in force touring homes before another week of intermittent rain. The days are noticeably longer, and warmer weather is approaching. Buyers should be touring homes today to learn the market and gain the necessary knowledge to identify the great deals when they hit, with sellers finalizing plans to market and list their homes for maximum exposure. Peak season is nearly here!

This morning, there are 276 single-family homes listed between $1,000,000 and $1,999,999, an increase of eight since last Friday. Sixteen pending transactions marketed for a median of only 21 days continue the trend of attractive homes selling fast in this competitive price range—fourteen closed transactions with a sold price-to-list ratio of 98.18%. Only four sellers decreased the asking price before securing a buyer for the pending transactions, with four closed transactions negotiating a lower price than the asking price. The ratios of price reductions in this tranche are much lower than the overall market, showing that prices are firm. The average sale price per square foot was $532.

There were eight more listings in the $2,000,000 to $2,999,999 range than last Friday, bringing the total to 81 single-family homes. One pending sale at $2,399,900 reduced the asking price by 6.98% before finding a buyer and 263 days listed. Two homes closed, one in Bend at $2,600,000 and the other in Black Butte Ranch at $2,450,000. The Bend home closed at $99,999 less than the asking price, and the Black Butte Ranch home closed for $75,000 less than the list price. The sale price per square foot was $617 and $629, respectively.

Listings above $3M are holding steady, with 31 this morning. Over the last five weeks, the low was 29, and the high was 32. New listings are sure to come as the weather improves over the coming weeks. One of the latest listings this week is my Mountain View Road listing, linked below. One sale is pending this week at $3,400,000 after 45 days on the market and no price reductions before securing a contract. Three homes closed, the first at $3,280,000 on the river near Drake Park for $119,00 under the list price, the second in Tetherow for $3,500,000, $200k under the list price, and $300k more than the last sale in June 2023, and the final, new construction in Tetherow, for $3,650,000, $225k under the list price. 

Crook County inventory has been flat since last week, with 48 single-family listings over $1M. No pending sales registered this week, and one closed in Brasada Ranch for $1,415,000, listed for $1,508,900. The Brasada Ranch sale was a cash deal.

It would be easy to look at the price reductions of the closed transactions and surmise that prices are softening. However, pricing truly spectacular properties in our diverse market is always challenging. The sold prices reflect continued price appreciation despite the reductions. Interestingly, seven of the fourteen sales between $1M and $2M were cash transactions, and all five of the sales over $2M. Falling Jumbo mortgage rates help buyers who want to limit the opportunity cost of an all-cash transaction, but most in the luxury market are not using financing. Unsurprisingly, these buyers use leverage to negotiate below the asking price. The next several weeks will reveal much about how the luxury market unfolds for the summer season. 

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.71%, the lowest since September 23, 2024. Activity has also picked up, coinciding with increased inventory across all three Central Oregon counties, longer days, and (somewhat) nicer weather. There will always be opportunities in real estate, but as we approach peak season, houses start selling quicker, and buyers start re-engaging the market, creating competition. While there may be some uncertainty about the broader economy, declining mortgage rates spur activity and help keep prices firm. 

This morning, 1,008 single-family homes are listed in Deschutes County. Breaking the 1,000-listing threshold did not happen last year until May 29, when there were 1,018 listings, and it hasn't been this high since November 27, 2024, when there were 1,019 listings. Activity remains steady with 66 pending sales at a median days-listed of just 30. Seventy-five closed transactions have been the most since October 2, 2024, with median days listed at just 25 and an average sale price of $980,034. The increase in listings creates more opportunities for buyers, but attractive, well-priced properties are moving fast. 

Inventory in Crook County also increased, now at 162 single-family listings, up three from the previous week. Thirteen pending sales at an average list price of $524,419, with four closed transactions averaging $767,500, are consistent with the last several weeks. The single closed sale in Brasada Ranch went for $1,415,000, double the price of the following most expensive sale for the week, dragging the average up considerably. The remaining three sales were $750k, $525k, and $380k. The pending sales median list days were 57 and 102 for the closed transactions. 

Jefferson County inventory also increased by three, now at 107 single-family listings. Five pending sales this week, at an average of $513,780, and four closed transactions, at $578,000, are consistent with the volumes of the past several weeks. The median list days for pending sales were 178 and 86 for the closed transactions.

Staying knowledgeable is imperative for buyers as the market picks up through summer. Sales occur quicker, and sellers with multiple showings are less inclined to enter drawn-out negotiation phases. I have already encountered multiple-offer situations this year, which can be challenging for buyers. With knowledge of the market, recognizing attractive properties becomes more manageable, as does making sense of prices. Most buyers in our market who have been looking for a while can relate to seeing homes they liked sell before they had a chance to make an offer. Putting in the time to learn our market will pay dividends when you are ready to make an offer.

Sign Up for the Central Oregon Market Report

Sign Up for the Central Oregon Luxury Market Report

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

This morning, the $1M-$2M range of single-family homes in Deschutes County increased to 268 active listings, up twenty from last week. One hundred-four active listings have reduced the asking price by an average of -5.62%. Fifteen homes are pending sales, with median days listed only twelve. Nineteen properties closed last week, also listed only twelve days before securing a contract. In both the pending and closed transactions, six properties reduced the price. The pending price median reduction was -7.28%, and the closed was -8.08%. 

The negotiated price on any property is the difference between what a seller will accept and what a buyer will pay. Knowing the correct list price precisely is impossible, and there will always be some negotiation between buyers and sellers. However, buyers are jumping on attractive properties in the Central Oregon luxury market.

Inventory between $2M and $3M dropped one this week to seventy-three. Two sales are pending, and three transactions have closed. Both pending sales reduced the price before finding a buyer by an average of -4.61%, and one of the closed transactions reduced the price by -7.85%. 

The inventory dropped two above $3M, now at twenty-nine single-family listings. One sale in SE Bend, listed at $3,200,000, is pending after only three days. There were no closed transactions this week. I will have a new listing in this price category in Sisters by next week, and I look forward to sharing it. 

Inventory above $1M in Crook County increased by two, now at 48 listings. One home in Brasada Ranch is pending for $1,649,747, a reduction of -4.03% from the original list price. No transactions closed this week.

Activity this week was sporadic, with the notable metric being the extremely short marketing time for homes pending or closed above $1M. In 2024, the sales above $2M by quarter were Q1-24, Q2-36, Q3-29, and Q4-26. While we are shy of the end of Q1 2025, there have been twenty-seven closed transactions above $2M, three more than last year. Between $1M and $1,999,999 YTD, there have been 117 closed transactions, eight more than in Q1 2024. By all measures, the luxury market in Central Oregon is consistent and rising. 

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram

Stable is the best way I can describe the Central Oregon housing market today. This morning, the national average for a 30-year fixed-rate conventional mortgage is 6.8%, right where rates have been for a few weeks and down slightly from recent highs of 7.08%. There will always be noise in the trends with small, short-lived ups and downs, but the overall trends are remarkably stable, consistent with steady, higher mortgage rates. So far, 2025 is shaping to be incrementally more active than 2024, which was more active than 2023. Isolated market segments outperform, and unique, desirable properties move quickly. But the overall trends are consistent. 

In Deschutes County, inventory continues to grow, up forty from last week at 967. The median days listed for the active inventory are 51, and the average list price is $1,128,717. Fifty-nine pending sales, at a median of thirty-nine days listed and an average list price of $949,997, show steady activity relative to the last few weeks. Fifty-six closed transactions are a bump from recent weeks and only eighteen days listed before finding a buyer, with an average sale of $904,062. 

Bend is the largest city in Deschutes County, and unsurprisingly, most of the county's activity occurs there. This morning in Bend, there are 727 active listings with a median list time of 58 days and an average list price of $1,167,239. Thirty-seven pending sales in the last week, with a median list time of 61 days and an average list price of $1,017,038, track closely with Deschutes County activity in general. Forty closed transactions at a median day listed of 25 and an average sale price of $971,077 round out the week's data. 

Crook County inventory has decreased over the last couple of weeks after hitting a peak in mid-March. This morning, there are 159 single-family homes listed, down two from last week. This activity is consistent with the season and attributed to the spike of fourteen pending transactions over the previous seven days, the most since August 7, 2024. The median days listed for the pending sales was eighteen, and the average sale price was $397,518, with only two price changes before securing a contract. Three homes closed at an average of $448,600, just five median days listed, and one transaction closed over the asking price. There is no question the availability of homes well under $500k is helping drive sales in Crook County.

Jefferson County inventory also declined this week, at 104, a drop of two from last week. Six pending sales, at an average of $427,550 and 98 days listed, are the most weekly pending sales since mid-December. Two closed transactions, at an average of $344,000, one listed 10 days and the other 20, with no price reductions, show buyers recognize good deals when they see them and jump at the opportunity.

The broad data for Central Oregon shows a steady, stable market with firm pricing. However, drilling down to specific market segments reveals segments that outperform or underperform. My Luxury Market Reports, which I send on Fridays, help to cover activity above $1M, but even that analysis glosses over the intricacies of unique properties, locations, and pricing. Location, asking price, and broader appeal can only be evaluated individually. Tracking the trends is vitally important, but any detailed analysis requires in-person evaluation. Please reach out if you need help creating a strategy to buy or sell or if you need insight into the dynamics of any region of Central Oregon.

Sign Up for the Central Oregon Market Report

Sign Up for the Central Oregon Luxury Market Report

Click here for the full report.

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.

Ask a QuestionI need to sell my homeCall Me

l instagram l instagram