My Weekly Central Oregon Real Estate Blog

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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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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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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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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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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It is an interesting time of year in Central Oregon luxury real estate and the broader economy. While many signs point to a more productive summer, the notoriously slow late winter period makes any prediction difficult. However, some early trends are emerging that I am keeping an eye on, in particular, inventory levels, which have remained above seasonal trends over the past few years. The national average for a 30-year jumbo mortgage is 6.35%, down nearly 100 basis points from this time last year. These two data points are the building blocks of increased activity this summer, with the only remaining unknown being buyer demand.

Inventory in Deschutes County this week, between $1 million and $1,999,999, remains unchanged at 192, with 89 listings reducing their asking prices by an average of 6.83%. Twelve pending sales are an increase of four in the most active price tranche of the luxury market. Seven of the pending sales reduced their asking price by an average of 4.14% before securing a contract. Eight closed transactions this week, up by one, with four of those listings reducing the asking price by an average of 6.89% before securing a buyer. The sold-to-original-list-price ratio this week was 93.26%.

Deschutes County listings between $2 million and $2,999,999 are down by one to 52, with 22 of those listings reducing their asking price by an average of 7.44%. Two sales are pending: $2,129,000 in Caldera Springs and $2,999,000 on Eastes Street in NW Bend. The Caldera Springs listing dropped its asking price 2.56% before securing a buyer. No transactions closed this week.

Listings over $3 million in Deschutes County remain at 29, with no pending or closed transactions. Seventeen of the active listings have decreased their asking price by an average of 9.82%.

Crook County listings over $1 million increased by two this week to 38. Twenty of those listings have decreased their asking price by an average of 4.26%. There were no pending or closed transactions this week.

Deschutes County farm listings over $1 million are stagnant for the fourth consecutive week at 12, with three of those listings reducing their asking prices by an average of 15.64% and the median price decreasing by 3.26%. Since the middle of October, there have been only one pending and one closed transaction in this segment of the market.

Crook County farm listings over $1 million hit 11 in late November, then dropped to 10 two weeks ago, where they remain. The last pending sale was in mid-November, and there were no pending or closed transactions again this week.

Segments of the tranches reported on here conduct most of the yearly business from late spring through fall, particularly residential listings over $3 million, and farm properties. While inventory is steady for this time of year, far more properties will be available this spring. The inventory on the market today is either not substantially appealing, overpriced, or both. In many cases, the pricing issues are as much a feature of the market today as they are a function of overly optimistic sellers. Less competition in the winter can be great for sellers, but buyers also expect to find better deals. And with median sale prices essentially flat since the market peak in 2022, amid more competition, sellers are adjusting prices to find the sweet spot. This trend is evident in the price-reduction percentages for the active, pending, and sold data. Whether you are a buyer or a seller this year, tracking the data trends today will help you make better decisions as inventory and activity build towards summer.

Do not hesitate to reach out if you need a market analysis tailored to your specific goals.< 

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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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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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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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With Martin Luther King Jr. Day celebrated on Monday, sales volume is down this week, while inventory is stable or rising. In my Wednesday report, where I recap the week across all price points, inventory levels also showed slight increases, suggesting an early bottom for actively listed homes in Central Oregon. An early increase in homes listed for sale creates more opportunity for buyers, and more competition for sellers, making price a larger factor in securing a contract. The unknown variable will be buyer demand, which is likely to increase with lower mortgage interest rates. I will be tracking this data closely and comparing 2026 levels with 2025 activity to gauge exactly how the year is unfolding.

Homes listed for sale in Deschutes County between $1 million and $1,999,999 increased by two this week to 192. Eight sales are pending, down 6 from last week. Six of the eight pending sales reduced their asking prices before securing a contract, by an average of 4.78%. Seven transactions closed this week, up two from last week. Three of those listings reduced their asking prices by an average of 8.78% before securing a contract, with the average sold-to-list price ratio for the week at 93.66%.

Inventory of listings between $2 million and $2,999,999 increased by three this week to 53, with 25 of those listings reducing the asking price by an average of 7%. No sales were pending this week, with one closed transaction in Caldera Springs at $2,900,000. The Caldera Springs sale was new construction in the latest phase of the development, with the asking price reduced 1.67% before securing a buyer, and a sold-to-original-list-price ratio of 95.09%.

Deschutes County listings over $3 million decreased by one to 29. Fifteen of those listings have reduced their asking price by an average of 10.55%. There were no pending or closed transactions this week.

Crook County listings over $1 million decreased by one to 36, with 20 of those properties reducing their asking price by an average of 4.26%. One sale is pending at Brasada Ranch, listed at $1,649,000, with a price reduction of 5.72% before securing a contract. No transactions closed this week.

Deschutes County farm listings over $1 million are stable at 12 with no pending or closed transactions. Crook County farm listings decreased by one to 10, with no pending or closed transactions. There have been no pending or closed transactions in the Crook County or Deschutes County farm listings over $1 million in 2026.

This winter may be exceptionally mild, but an inversion last week brought freezing fog to much of Central Oregon, with cold temperatures. Between the weather and an extended holiday weekend, the reduced activity is understandable. However, this time of year is the seasonal doldrums of the luxury market. Activity will pick up as the weather improves and listings begin to build towards the summer peak. Winter is a great time to familiarize yourself with the inventory when levels are lower, making it easier to track the market as new listings start to accumulate. Please don't hesitate to reach out if you need anything! < 

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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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After briefly sitting below 6% early in 2026, the national average for a 30-year fixed-rate conventional mortgage this morning is 6.21%. A 20-basis-point increase is relatively small, but it will certainly have an impact. Still, mortgage rates are trending lower, nearly 100 basis points below January 2025 levels. Inventory levels are up slightly from this time last year across all three counties of Central Oregon, while lower mortgage interest rates are easing some of the pressure on buyers. While significantly lower mortgage rates may not be on the horizon anytime soon, increased competition amongst sellers creates many opportunities. All in all, the housing market today is more balanced than in recent years.

The Deschutes County inventory this morning shows 771 single-family homes listed, down 8 from last week. The average price of actively listed homes is $1,193,038, and 417 listings have reduced their asking prices by an average of 6.17%. Sixty-three sales are pending, an increase of seven from last week, and continuing the trend of increasing activity as 2026 progresses. The average pending sale price is $791,858, and 34 of those pending sales had reduced their asking price by an average of 5.95%. Thirty-three transactions closed this week, averaging $995,333, with 16 reducing the price before securing a contract, an average of 6.51%. The sold-to-original-list-price ratio was 95.14% this week.

The inventory in Crook County this week is up by 2 to 152 single-family listings. The average list price for the active inventory is $980,154, and 85 listings have reduced their asking prices by an average of 6.61%. Growth in actively listed homes has increased for two consecutive weeks, possibly signaling an early inventory buildup for 2026. Four sales are pending this week, averaging $943,475, with all four reducing the asking price before securing a contract, an average of 7.02%. Four transactions closed this week, averaging $396,575, with no price reductions before securing a buyer. The sold-to-original-list-price ratio was 98.31%.

Jefferson County inventory increased by three this week to 116, with the average list price at $538,750. Sixty-seven of the active listings have lowered the asking price by an average of 3.9%. One sale is pending this week at $399,000 in Crooked River Ranch, reducing the asking price before securing a contract by 10.34%. Five transactions closed, averaging $361,300, with two listings reducing the asking price by an average of 10.91% before securing a contract. The sold-to-original-list-price ratio was 91.12% this week.

Early activity and inventory levels to start 2026 point to a more productive year than 2025, which was better than 2024. Total sales are down from what might be considered "normal" levels of over 4,000 sales of single-family homes in Deschutes County. However, sales this year are likely to come very close, if not surpass, that threshold. Trends and thresholds help determine where we are in the current cycle, but carry little meaning for buyers or sellers in the big picture. Timing is personal for every individual, and timing the market is impossible. When you are ready to buy or sell, evaluating the market to position yourself properly is the key, as waiting is always an unknown. No matter your timing or needs, I am always available to help shed some light on the Central Oregon housing market. Reach out anytime! 

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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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Reading economic news lately leaves me with whiplash, since the reporting is so heavily biased and subject to interpretation. Some reports show financial stability, while others bemoan a recession. From my corner of the world, with bi-weekly data dissemination on the Central Oregon housing market, the outlook is improving, with all indications pointing to a more active year than 2025. While prices may not be skyrocketing, gains made during the stretch between 2020 and 2022 are locked in, with stable pricing in the luxury markets. Price reductions are rampant, and to the uneducated eye, give the impression of a softening market. However, the median and average sale prices show stability. Mortgage interest rates near 6% are attracting more buyers, and any further reduction will increase activity significantly.

Deschutes County single-family listings between $1 million and $1,999,999 increased this week by one to 190. An increase of one hardly qualifies as a trend, but stable or growing inventory at this time of year is an indicator of what is to come this spring. There is little doubt that the unseasonably mild weather is a contributing factor to this extremely active segment of the market. Fourteen sales are pending this week, up 5 from last week, with 5 of those listings reducing the asking price by an average of 6.02% before securing a buyer. Five transactions closed this week, with four of those sales reducing the price an average of 11.52% before securing a contract. The sold-to-original-list-price ratio was 87.36%.

Listings between $2 million and $2,999,999 in Deschutes County are also holding steady at 50, down by one from last week. Two pending sales this week occurred at $2,187,000 in the Ranch at the Canyons in Terrebonne and at $2,488,000 in Sunriver. Two transactions closed this week for $2,025,000 in Juniper Preserve (Pronghorn) and $2,500,000 on Cascade Estates Drive in Tumalo. The sold-to-original-list-price ratio was 88.73%.

Inventory in Deschutes County over $3 million is stable at 30, with no pending transactions this week. One transaction closed this week in Caldera Springs at $3,125,000. The sold-to-original-list-price ratio was 90.58%.

Crook County single-family homes over $1 million are also stable at 37, the same as last week. One sale is pending this week at $1,285,000 in Powell Butte, with a 6.55% price reduction before securing a buyer. One transaction closed this week at $1,080,000, also in Powell Butte, with a sold-to-original-list-price ratio of 83.14%.

Deschutes County farm listings remain at 12 with no pending or closed transactions. Crook County farm listings are unchanged at 11 with no pending or closed transactions. 

Increased inventory in 2025 created competition amongst sellers not seen in several years. With considerably more selection, buyers were able to pick and choose the perfect fit for their needs, forcing sellers to factor in competing properties into the price equation more than in the recent past. These dynamics have kept prices mostly flat over the past few years. With inventory levels remaining elevated this winter, all indications point to more listings this spring. The unknown variable will be buyer demand, although lower interest rates are bringing more buyers to the table. While this time of year is typically the doldrums of Central Oregon real estate, activity is surprisingly high this winter. An essential factor to watch as spring unfolds will be how much buyer demand tempers growing supply.< 

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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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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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