My Weekly Central Oregon Real Estate Blog

Across all price points, this week has been slow. In real estate, one slow week is meaningless, but with everything going on in the world, I will be watching to see if this is a building trend. Mortgage interest rates have been up a bit recently, but not significantly, while supply is outpacing last year at this time. The wider view shows good conditions for buyers, and over time, we will see whether that translates into more transactions as spring unfolds.

Deschutes County listings between $1 million and $1,999,999 increased by nineteen this week to 234. Five sales are pending, down three from last week. Thirteen transactions closed this week, up six from the previous week. Five of the thirteen sales reduced the asking price before securing a contract, a very modest average of 2.3%, with the sold-to-original-list-price ratio at 98.29%.

In the $2 million to $2,999,999 tranche, supply increased by 3 to 56 single-family listings. One sale is pending at $2,100,000 on Deschutes Market Road in Bend. One transaction closed at $2,870,000 on Eastes Road in Bend, at 95.7% of the initial list price.

Deschutes County listings over $3 million increased by one to 30, with no pending or closed transactions.

Crook County listings over $1 million increased by 2, to 38. One sale is pending at $1,050,000 in Longhorn Ridge, with no closed transactions this week.

Deschutes County Farm listings over $1 million decreased by one to 13, with no pending or closed transactions.

Crook County Farm listings are stable at 12, with no pending or closed transactions.

One slow week is not a trend, but at this time of year, it can make a big difference in increasing supply. With inventory ahead of last year's pace, buyers will have more selection than at any time in the recent past. With mortgage rates jumping around, I encourage buyers to stay in touch with their lenders. For sellers, my advice hasn't changed: price correctly for the market! Overpriced listings are lingering and require a retreat that, in many cases, is more than if the property had been priced right from the start. There is never a dull moment in real estate, and this year is already keeping us on our toes.  

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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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Spring weather and lower mortgage rates are accelerating the housing market, with some notable pending sales this week. This morning, the national average for a 30-year fixed-rate conventional mortgage is 5.99%, the 30-year Jumbo rate is 6.26%, and the 15-year fixed-rate is 5.6%. Inventory growth slowed this week, but fits and starts are typical for this time of year. Abundant sunshine and warmer weather are sure to kick things into overdrive over the next several weeks.

This morning in Deschutes County, listings between $1 million and $1,999,999 increased by four to 215. Eight sales are pending, with just two of those properties reducing their asking price before securing a contract by an average of 2.71%. Seven transactions closed this week, with four of those sales reducing the asking price an average of 4.62% before securing a buyer. The sold-to-original-list-price ratio, which shows how much the seller negotiated down for buyers, was 94.9%.

Moderate activity in the $2 million to $2,999,999 tranche has decreased supply by 2 listings from last week, to 53. Four sales are pending, and none of those properties reduced the asking price before securing a contract. Two transactions closed this week, the first at $2,350,000 on Starview Drive on Awbrey Butte, and the other at $2,750,000 on Lower Village Road above the Big Deschutes River in Bend. The Starview Road property was on the market a cumulative 584 days, and closed at 85.45% of the original list price. The Lower Village Road property was marketed for 215 days and closed at 91.82% of the original list price.  

Listings over $3 million in Deschutes County are up by 1, to 29. Two sales are pending: $3,635,000 in Caldera Springs and $17,495,000 for R&R Ranch (previously known as the R&B Ranch). Caldera Springs is building out phase two of the neighborhood, with consistent sales as new properties hit the market. For those keeping an eye on the high end of Central Oregon housing, the pending sale of R&R Ranch is notable. The last sale of the R&R Ranch was on August 15, 2023, for $15 million. However, the seller carried back another $1 million, bringing the total to $16 million. I will report on the final negotiated sale price when the transaction closes. No transactions closed this week.

Crook County inventory over $1 million increased by two to 36 this week. Two sales are pending, one at $1,125,000 on Mount Adams Loop in West Powell Butte Estates, and the other at $1,445,000 in Powell Butte. Neither of the pending sales reduced their asking price before securing a contract. No transactions closed this week.

Deschutes County farm listings over $1 million are finally showing signs of life, increasing by three to 14. No sales are pending, but one property closed for $1,375,000 on Deschutes Market Road. While this sale is categorized as a hobby farm, the property was marketed as a development parcel, with plans to subdivide into five parcels, with the sixth parcel designated for the existing home.

Crook County Farm listings are stable at 12 with no pending or closed transactions.

It is a busy time of year for the luxury market, with many sellers preparing to list for the peak season. With the most stable conditions in several years, I expect sales above $1 million to surpass last year's levels. The biggest factor will be how much buyer demand increases, something you will see reported here first. The majority of the truly unique luxury properties require longer marketing times, in some cases, a year or more. Of course, some properties will secure a buyer rapidly, and with enough buyer demand, that percentage will increase. However long it takes, positioning your property today ensures the most feedback and exposure during the busiest time of year. For buyers, now is the time to secure financing so they are ready when the perfect property comes along. I work with the best lenders in the business, so reach out if you need a contact to get ready for the busy season ahead.  

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After the latest storm dumped some much-needed snow in the mountains, the forecast for the next ten days shows highs in the 50s and sunshine. In addition to the expected nice weather, the national average for a 30-year fixed-rate conventional mortgage is 5.99%, matching the lows of a few weeks ago, and the lowest in three years. Real Estate activity has already been picking up, and that trend will continue.

This morning in Deschutes County, the inventory is flat from last week at 828. Part of the reason we didn't see supply growth this week is due to a robust 72 pending transactions averaging $1,060,554, with just 31 price changes before securing a contract. As long as buyer demand keeps pace with new supply, expect prices to remain firm with fewer price reductions. Fifty-nine transactions closed this week, up 6 from the prior week, with the average sale at $779,495 and 27 price reductions before securing a contract. The sold-to-original-list-price ratio was 95.2%.

Crook County experienced its second consecutive week of inventory growth, up by eight to 161 single-family listings. Seven sales are pending, up by 3 from last week, averaging $438,000, with only 2 reducing the asking price before securing a contract. Three transactions closed this week, averaging $513,466, with just one reducing the price before securing a buyer. The sold-to-original-list-price ratio was 94.3%.

Jefferson County supply dipped by two this week, now at 110. Another robust week of pending sales is the culprit, with eight properties under contract, down one from last week. The average pending sale price was $455,956, and 6 of those listings reduced the asking price by an average of 7.52% before securing a contract. Five transactions closed this week, compared to none last week, at an average of $433,789, with three reducing the asking price before securing a buyer. The sold-to-original-list-price ratio was 95.63%.

In 2025, the supply of actively listed homes increased significantly from the past few years. While inventory this year is up marginally, lower interest rates and strong buyer demand have combined to mop up new listings quickly. While this dynamic produces more sales and keeps prices firm, for buyers, it can feel like there is less supply. At the extreme, multiple offers become more prevalent, and buyers need to move quickly on suitable properties. It will still take several more weeks for the season to reach full speed, but all indications point to a busy 2026. I strongly encourage buyers to begin working with a lender early so they are ready to make an offer when the right property comes along. For sellers, correct pricing is still important, but I expect fewer price reductions and more offers closer to the list price.

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I started writing my weekly market reports to fill in the information gap I noticed in the typical real estate marketing available to the general public. My reports began nearly 7 years ago, covering all price points across Deschutes, Crook, and Jefferson Counties, and I have weekly data preserved in a spreadsheet since April 2022. After years of weekly data gathering and writing, and in working with many buyers and sellers focused on the higher price points, it became clear that a second report dedicated to the luxury Central Oregon market was necessary. In March, the weekly data I have saved for the luxury market tranches will go back a full year, with new data added each week.

My goal of providing no-spin data straight from the MLS to educate my clients hasn't changed. Still, the knowledge I have gained and my ability to see exactly where we are in seasonal cycles and longer-term trends have been invaluable. As I approach the seven-year milestone (June 12) for my main report and the one-year milestone for the Luxury Report, I wanted to share the insight into how these reports help you and make me a better agent on your behalf. I truly appreciate every one of you who tunes in and reaches out with questions, comments, and help when you need it!

This morning in Deschutes County, listings between $1 million and $1,999,999 are up by seven to 211. Twelve sales are pending, with only three reducing the asking price before securing a contract. With spring activity building, the number of price reductions is decreasing, which is a seasonal trend, partially fueled by lower mortgage interest rates. Eleven transactions closed this week, up from 10 last week. The sold-to-original-list-price ratio was 93.52%.

Deschutes County listings between $2 million and $2,999,999 are up by two, now at 55. Two sales are pending, one at $2,695,000 in Tetherow and the other at $2,895,000 in Rimrock West above the Big Deschutes River. The pending sales reduced their asking prices before securing a contract by 3.34% and 3.58%, respectively. Two transactions closed this week at $2,325,000 in Broken Top and $2,750,000 in Caldera Springs. The sold-to-original-list-price ratio was 95.69%.

Deschutes County listings over $3 million increased by one to 28, with no pending or closed transactions.

In the Crook County luxury market over $1 million, listings decreased by two, now at 34. Two sales are pending; one at $1,099,999 in Brasada Ranch, and the other at $1,245,000 in Powell Butte. The Powell Butte listing reduced the list price 3.86% before securing a contract. There were no closed transactions this week.

Deschutes County farm listings over $1 million are steady at 11, with no pending or closed transactions. Crook County farm listings over $1 million are steady at 12 with no pending or closed transactions.

As spring approaches, early indications point to an incrementally busier year than 2025, which was better than 2024. You may recall that 2022 was the peak for Central Oregon real estate, with mortgage interest rates spiking in the second half of that year as the Federal Reserve fought "transitory" inflation. Interest-rate shock slowed activity, and in 2023, across all price points in Deschutes County, there were 3,161 single-family home sales, compared to 4,128 in 2022.

In Deschutes County, sales over $1 million were 858 in 2022, 636 in 2023, 751 in 2024, and 853 in 2025. In 2026, I expect total single-family sales to exceed 4,000 for the first time since 2022, and sales over $1 million to also exceed 2022 levels. While our market has been flat since 2022, the stability amid economic conditions is remarkable. Central Oregon housing, in particular the luxury market, is stable and healthy.  

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Several factors have combined recently, indicating that 2026 will be the biggest year in Central Oregon housing since interest rates spiked in the second half of 2023. First, the national average for a 30-year fixed-rate conventional mortgage is 6.05% this morning, approaching the three-year low, and continuing the downward trend. Second, supply is steadily increasing, with all three Central Oregon counties reporting significant year-over-year increases. Anyone who engaged the housing market from 2020 to 2023 knows that severely constrained supply during that period made finding the right property challenging. More supply last year created more opportunities and, in turn, more sales. If buyer demand continues (it will), all indications point to more than 4,000 single-family sales in Deschutes County in 2026.

This morning in Deschutes County, there are 50 more listings than last week, bringing the total to 828. This week in 2025, there were 769 listings. Sixty-six sales are pending, up seven from last week. Only 26 of the pending sales reduced the asking price before securing a contract. Fifty-three transactions closed this week, with a sold-to-original-list-price ratio of 94.3%.

Crook County reports six additional listings this week, bringing the total to 153. This week in 2025, there were 144 listings. Four sales are pending this week, down five from last week. Only one of the pending sales reduced the asking price before securing a contract. Five transactions closed this week, up by two from last week. The sold-to-original-list-price ratio was 93.93%.

Jefferson County's inventory is up by one to 112 listings, an increase of fourteen from this week in 2025. Nine sales are pending, up by four from last week, and tying the most active week of 2026 so far. Five of the pending sales reduced the asking price before securing a contract. There were no closed transactions this week.

As new listings hit the market, the price-reduction ratio and days on market decline, and a higher percentage of new listings sell quickly without needing to reduce the asking price. Lenders are reporting an uptick in refinances as rates become more favorable, and sellers are entering the market in anticipation of a more favorable landscape for buyers this summer. While we are experiencing a taste of winter-like weather this week, spring is right around the corner, and longer days will mitigate the impacts of the weather as each day passes. Last weekend, I went on a hike and saw a bumblebee; interpret that however you wish!

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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Whether you are searching in Bend or any of the nearby 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.

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The storm slated to hit Central Oregon starting tomorrow has fizzled somewhat, which isn't surprising given this year's weather patterns. While the weather this week may slow down real estate activity, all indications point toward a build-up of inventory beginning, as expected for the season. The segments of the market that will take a bit longer to gain momentum are above $3 million and farm property. Mortgage rates are moving lower, which will undoubtedly help increase activity this summer. This morning, the national average for a 30-year Jumbo loan is 6.27%, and the 15-year fixed-rate is 5.61%, both significantly improved from this time last year.

This morning in Deschutes County, listings between $1 million and $1,999,999 are at 204, down two from last week. Pending sales are at 14, double last week's activity, with only 5 of those properties reducing their list prices before securing a buyer. Ten transactions closed this week, more than triple the three closings from last week. Four of the ten closings reduced the list price before securing a contract by an average of 7.82%. The sold-to-list-price ratio was 93.27%.

The Deschutes County $2 million to $2,999,999 tranche has five more listings than last week, bringing the total to one short of the high so far this year. One sale is pending in North Rim on Awbrey Butte, Bend, at $2,973,000, and on the market for just 13 days. Two transactions closed this week at $2,015,000 on Starview Drive in Awbrey Butte and at $2,325,000 on Fairway Lane in Sunriver. Both properties reduced their asking prices before securing a contract, with the Starview Lane home initially listed at $2,200,000 and the Fairway Lane home at $2,688,000.

Deschutes County listings over $3 million are down by one this week to 27. There were no pending sales, but for the second week in a row, a transaction closed in this price tranche. The closed sale was on Congress Street in Bend near Drake Park, and sold for $3,200,000. This property was listed throughout last year, but was off-market and shows zero days listed. The Drake Park Historic District is a small area with large, older homes that are very desirable. These properties defy the trend toward modern, light-and-bright architecture and are hidden treasures a short distance from downtown Bend.

Crook County homes listed over $1 million decreased by one this week to 36. The decrease was due to a pending sale at Brasada Ranch on Ranchview Road for $1,395,000. The home had been on the market 142 days, with no price reductions before securing the contract. There were no closed transactions this week.

Farm listings over $1 million in Deschutes County decreased by one to 11, with no pending or closed transactions.

In Crook County, farm listings increased by one to 12. The increase in inventory was due to a legacy listing on Wolf Creek, a 35,000-acre site listed for $61,500,000. The Wolf Creek property is more of a ranch with timber land than a farm, even though it shows up in the farm category of the MLS. Known as Ochoco Ranch, the property borders the Ochoco National Forest and is a legacy property by all measures. There were no pending or closed transactions this week.

For the luxury market in Central Oregon, it all comes down to location. The diversity of structures on these properties is all over the map, but each stands out because of the neighborhood, parcel size, and in many cases, both. As prices rise, the combination of attributes is typically stunning, but location trumps structure across the board. Market analysis for legacy properties on acreage is a specialized endeavor, and I take pride in evaluating this unique segment of the market. The skills involved in establishing a price opinion for legacy properties apply equally to all price points, and I am always happy to create a report directly tailored to your needs. 

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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.

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The spring build-up of listings has begun, and it coincides with mortgage rates steadily declining. The national average for a 30-year fixed-rate conventional mortgage this morning is 6.11%, down 112 basis points from one year ago. Increasing inventory levels are good news for the housing market, but supply is still short of what would have been considered normal before 2020. However, each year since 2023, when levels dropped significantly, coinciding with mortgage rate increases, has been an improvement. With mortgage interest rates closing in on 6%, activity this year will outpace 2025.

The inventory of single-family homes in Deschutes County this morning sits at 778, up 20 year-to-date. Last year, this week marked the beginning of the supply build-up, and this week, levels are up by 14 from last week. However, on January 14 this year, levels were at 779, so the upward trajectory is unlikely to be a straight line. Nevertheless, from a housing perspective, spring has arrived. Fifty-nine sales are pending this week, averaging $795,596, and 29 of those listings decreased their asking prices by an average of 5.73% before securing a buyer. Thirty-two transactions closed this week, averaging $796,177, with 21 of those properties decreasing their asking price by 6.83% before a buyer stepped up. The sold-to-original-list-price ratio was 93.62%.

In Crook County, supply decreased by five this week to 147. In 2025, levels began the spring build-up on March 5, and levels today are up by 1 year-to-date. Nine sales are pending this week, averaging $720,444, with five decreasing the list price by an average of 13.89% before securing a contract. Three transactions closed this week, averaging $724,665, with all three reducing the price before securing a buyer, an average of 14.19%. The sold-to-original-list-price ratio was 78.25%.

Jefferson County supply also began the spring build-up this week in 2025, and is at 111 this morning, up four from last week. Year-to-date supply is up by 14. Five sales are pending this week, averaging $425,760, with three reducing the asking price by an average of 2.36% before securing a buyer. Two transactions closed this week in Culver at $415,000 and $870,000, with one reducing the asking price 4.14% before securing a contract. The sold-to-original-list-price ratio was 93.46%.

Market conditions are balanced and healthier than in recent years, with a steady build-up towards more typical inventory levels. There is a lot of nuance in the market today, with some segments more difficult to evaluate. No matter your goal this summer, a detailed market analysis tailored to your needs is a necessary step in determining your market position. I encourage both buyers and sellers to review market data before beginning a search or deciding on list prices. Of course, I am happy to provide this information, so do not hesitate to reach out!

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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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 nearby 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.

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Executive summary

• Mortgage rates are steady, but improving, with the national average for a 30-year jumbo at 6.35%.
• Early indications reveal inventory growth beginning sooner, with increased competition amongst sellers.

Click here for a detailed home valuation.

Market snapshot — Deschutes County

Deschutes $1,000,000–$1,999,999

• Active: 206 listings (+14 wk).
• Price reductions: 89 listings, avg −6.95%.
• Pending: 7 (−5 wk); 2 pendings cut price before contract, avg −5.7%.
• Closed: 3 (-5 wk). All three of the closings had price cuts, avg −14.05%.
• Sold-to-original-list-price ratio: 83.33%.

Deschutes $2,000,000–$2,999,999

• Active: 48 (−4 wk).
• Price reductions: 19 listings, avg −7.72%.
• Pending: 2 (steady) — $2,350,000 (Awbrey Butte; price cut −14.55% before contract) and $2,450,000 (Broken Top Golf community).
• Closed: 1 (+1 wk) — $2,117,500 (Discovery West, Bend).
• Sold-to-original-list-price ratio: 94.11%.

Deschutes $3,000,000+

• Active: 28 (-1 wk).
• Price reductions: 15 listings, avg −10.1%.
• Closed: 1 (steady) — $3,265,000 (Gorge View Street, Bend).
• Sold-to-original-list-price ratio: 88.36%.

Crook County

Crook $1,000,000+

• Active: 37 (-1 wk).
• Price reductions: 18 listings, avg −3.81%.
• Pending: 1 (+1 wk) — $1,215,000 (Brasada Ranch; price cut -9.93%)
• Closed: 2 (+2 wk) — $2,165,000 (Powell Butte, price cut before contract -3.26%), $2,380,000 (Timber Lane, Prineville; no price cut before contract)
• Sold-to-original-list-price ratio: 96.75%.

Farms ($1,000,000+)

Deschutes farms

• Active: 12 (steady for five weeks).
• Price reductions: 3 listings, avg −15.64% (steady).
• Pending/Closed: None this week.
• Since mid‑October, there have been only 1 pending and 1 closed in this segment.

Crook farms

• Active: 11 (+1 wk).
• Last pending: mid‑November. No pending this week.
• Closed: 1 (+1 wk) — $2,165,000 (Cornett Loop, Powel Butte)

What this means

• The increase in inventory in the busy $1 million to $1,999,999 price tranche could be an early indication of rising inventory ahead of the peak season.
• Each segment of the luxury residential market showed activity this week.
• Inventory of $2 million and up in the residential market is still fluctuating.

Bottom line

It is typical for supply levels to fluctuate during this time of year. However, we are not seeing inventory completely dry up, and levels indicate sellers are listing to test current demand. While a brief storm is moving through this weekend, this is one of the driest winters in many years, which is undoubtedly helping to keep the housing market moving along. With spring right around the corner, now is the time to begin planning if engaging the housing market is a goal for the summer.

Want a market analysis tailored to your goals or a seller/buyer strategy for Central Oregon luxury properties? Reach out, and I’ll prepare a custom report. 

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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

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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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Reed Melton serves Bend and surrounding areas

Whether you are searching in Bend or any of the nearby 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.

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