My Weekly Central Oregon Real Estate Blog

The holiday hangover in sales activity continues this week, with modest transaction volume. With Christmas less than three weeks from today, the end-of-year vacation season is upon us. Bend and Sunriver are experiencing the calm before the storm as out-of-town visitors descend on Central Oregon in the coming days. We are likely to see fewer visitors than usual, with skiing off the table so far this year. The national average for a 30-year Jumbo mortgage moved up slightly to 6.4% from a low of 6.25% on November 25. Activity this fall, right up to the Thanksgiving holiday, was brisk, but the remaining days of 2025 are setting up to be slow, which is typical for the season.

The inventory of homes listed between $1 million and $1,999,999 in Deschutes County decreased by 25 this week to 222. There are 10 pending sales, one more than last week, with 8 of those transactions reducing the list price by an average of 11.25% before securing a contract. Nine transactions closed this week, with five reducing the list price an average of 10.24% before securing a contract. The sold-to-original-list price ratio was 91.1%, and the average sold price per square foot was $467. The negotiations taking place this fall in this price tranche are notable, as sellers have shown a willingness to work with buyers beyond recent years.

Homes listed in Deschutes County between $2 million and $2,999,999 decreased by four to 59. There were no pending sales, and one closed transaction in Pronghorn (Juniper Ridge) at $2,350,000, 78.86% of the original list price. The sold home in Proghorn was on the market for 462 days, and initially listed for $2,980,000.

Inventory in Deschutes County over $3 million dropped by two this week to 38 listings. The reduction in supply was due to one pending and one closed transaction. The pending sale was a home in Caldera Springs, built in 2016, listed at $3,198,000, reduced by 7.3% before securing a buyer, and was on the market for 277 days. The closed transaction was for Cartwright Court in Tetherow, listed for $3,975,000 and selling for $3,900,000 after only 29 days on the market.

Crook County homes listed over $1 million decreased by four to 45. The attrition in Crook County single-family homes this week is due to listings withdrawn or expired from the MLS. There were no pending or closed transactions this week.

Deschutes County farm listings are unchanged at 14, with no pending or closed transactions. Crook County farm listings are stable at 11 with no pending or closed transactions.

Taking a broad view of the luxury market this year shows overall steady pricing and increased volume. 2024 year-to-date in Deschutes County, closed transactions over $1 million were 709, averaging $1,593,328, compared to 795, averaging $1,610,978 this year. Year-to-date 2023 shows 607 sales, with closed transactions averaging $1,563,759 each. Year-to-date 2022 saw robust sales of 830, averaging $1,543,810 per sale. Comparing the crucial last four years in Central Oregon real estate shows far better numbers than many realize. The frenetic build-up of activity between 2020 and 2022 is unmatched in Central Oregon, so a slight drop in transaction volume isn't surprising. But through the period of increased mortgage interest rates, sale prices have remained remarkably stable. 

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As expected, transactions were down this week due to the Thanksgiving holiday and reduced business days. The inevitability of the Central Oregon seasonal slowdown is ramping up, as buyers shift their priorities towards vacations and family. Transactions still happen, albeit at a slower pace, and fewer new listings hit the market, while many active listings expire and will not relist until spring. The valuable insight into how the 2026 market will shape up starts with following how low inventory drops, and when it begins to climb again, combined with interest rates as spring approaches. Next week is the last Federal Reserve Open Market Committee Meeting until late January, with all early indications pointing to a rate hold. The next several weeks in Central Oregon are the doldrums of the cyclical housing market.

Single-family listings in Deschutes County this week dropped by sixty to 996. Active listings have fallen below 1,000 for the first time since March 26 of this year, and are up 32 from this week last year. Thirty-seven pending sales, averaging $830,126, are nearly half of the previous week's. Thirty-five closed transactions are down 25 from last week, averaging $922,327, with the sold-to-original-list price ratio at 94.24%. The average sold price per square foot was $406.

Crook County's inventory decreased by only 4 to 174, the exact number of listings in the county this week last year. One sale is pending, listed at $375,000 after a 6.02% price decrease. Three transactions closed, averaging $575,544, with the sold-to-original-list price ratio at 94.26%. The average sold price per square foot was $288.

Active listings in Jefferson County are down by five this week to 122, up 17 from this week last year. Two sales are pending, listed at $349,000 and $365,000, with one of those listings dropping the price by 6.93% before securing a contract. Three transactions closed this week, averaging $414,865, with two dropping the list price before securing a contract, an average of 11.79%. The sold-to-original-list price ratio for the week was 92.84%. The average sold price per square foot was $291.

For most of 2025, the most significant change over the past several years was the increase in inventory. As mortgage interest rates began to fall from recent highs, more buyers stepped up, particularly this fall. Today, the national average 30-year fixed-rate conventional mortgage is 6.23%. All indications point towards slightly lower rates in 2026, which will bring more buyers to the table. It is unlikely inventory will reach 2025 levels, and with more competition from buyers, prices will increase. Sales this year show modest increases over 2024, maintaining the highs set in 2022. Over the next several weeks, I will break down the year-over-year sales volumes and prices for the different communities of Central Oregon, so stay tuned! 

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Welcome to the post-holiday Luxury Market Report! With only 22 business days left this year, the days are winding down on 2025. While any new pending sales are likely to close in 2026, many currently pending sales will still close this year, bolstering what has been a strong year for sales over $1 million. The numbers this week are down due to the missed business days from Thanksgiving, but activity remains surprisingly strong.

Active listings in Deschutes County between $1 million and $1,999,999 dropped by 4, to 247. Nine pending sales are down five from last week, but steady given the missed business days. The average price reduction of the six pending sales that decreased the list price before securing a buyer was 10.54%, continuing the trend of buyers moving on good deals. Eight transactions closed this week, down four from last week, and 6 reduced the price before securing a buyer by 5.32%. The sold-to-original-sale-price ratio was 93.88%.

There are two fewer active listings between $2 million and $2,999,999 in Deschutes County this week, bringing the total to 63. Three sales are pending this week, with all three reducing the list price before securing a buyer, averaging -4.45%. Two transactions closed this week, with one in the north section of the Sunriver Resort for $2,265,000 and the other in Tetherow for $ 2,454,000. The Sunriver sale went for full price, while the Tetherow sale closed 5.58% below the list price.

One fewer active listing over $3 million is available in Deschutes County this week, bringing the total to 40. There were no pending or closed transactions this week.

Crook County active listings over $1 million also decreased by 1, to 49. There was one pending sale in Brasada Ranch on Wildhorse Court, listed for $1,045,000 and showing an 8.73% reduction from the original list price. There were no closed transactions this week.

Deschutes County farm listings over $1 million decreased by one to 14. One sale is pending at $1,550,000, which was reduced by 13.89% before securing a buyer. This EFU (Exclusive Farm Use) zoned property on Deschutes Market Road has development potential for five single-family lots ranging from 1.5 acres to 2.75 acres. There were no closed transactions this week.

Crook County farm listings over $1 million increased by one to 11. There were no pending or closed sales this week. Interestingly, the median sale price of these listings is $3,439,000, and the average is $5,351,364. Looking at all farm listings in Crook County, there are only two listings below $1 million, bringing the total to 13. One is actively growing grapes for wine in-town Prineville at $759,000. This property has a Main Street address, and the home boasts Frank Lloyd Wright-inspired architecture. The other is on 77 acres north of Prineville, on Gerke Road, listed for $969,000.

Typically, a large percentage of listings expire on December 31, and our inventory drops considerably before building up in the spring towards the peak in mid-summer. However, with such steady activity deep into the end of this year, it will be interesting to see if more sellers choose to continue marketing their properties through winter. By all accounts, mortgage interest rates will be down further in 2026, and sales volume should increase. With those dynamics in play, I anticipate increased sales in the luxury market for next year. 

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Happy Thanksgiving! I hope you have a relaxing holiday with family and friends. Typically, the day after Thanksgiving marks the opening day for Mt. Bachelor in Central Oregon, but this year the weather hasn't cooperated. However, relatively mild conditions mean hiking, mountain biking, or walking in your favorite downtown area are all great options this year.

Next week's numbers will be down with fewer business days for transactions, and most people will be taking a well-deserved break. However, this week's activity remains steady, continuing the trend of more transactions this year than last. The national average for a 30-year fixed-rate mortgage is 6.22% this morning, approaching recent lows and likely contributing to the strong activity this fall. When business starts again on Monday morning, there will only be 22 business days left this year! Most pending sales beginning Monday will close in 2026, making 2025 nearly a memory.

This morning in Deschutes County, there are 17 fewer listings than last week, now at 1,056. On this day in 2024, there were 1,019 active listings, with the steady activity this fall cleaning up a lot of excess inventory. Sixty-two pending sales this week are down a bit from recent trends, but ten more than this week last year. Sixty closed transactions this week are seven more than in 2024. The sold-to-original list price ratio this week was 94.8%, compared to 96.1% last year.

Active listings in Crook County this week are down nine from last week to 180, nine more than this week in 2024. Eight pending sales this week are one more than this week last year, and eight closed transactions are double last year's. The sold-to-original list price ratio this week was 92.46%, compared to 95.85% last year.

In Jefferson County, inventory increased by three to 127, compared to 107 this week last year. There were no pending sales this week, compared to 5 in 2024. Four transactions closed this week, down two from this week last year. The sold-to-original list price ratio this week was 94.92%, compared to 90.21% last year. With so few closed transactions in Jefferson County each week, year-over-year comparisons don't carry much weight.

Mortgage interest rates in 2026 should be nearly 6%, down 75 basis points from much of 2025. Buyers have already responded to lower rates this fall, as indicated by the increase in sales volume this year. The trend of more sales volume should continue next year, which will bring inventory down slightly. Looking at this year's price trends, I expect modest price growth next year. If mortgage interest rates dip below 6%, prices will firm up, and inventory will decrease further. Most of these developments will be modest, with stability in our housing market continuing into 2026.  

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With Thanksgiving less than a week away, and the weather pleasantly mild, sales activity in the Central Oregon luxury market remains steady. However, many of the sales are occurring in properties that have experienced significant price reductions from their original list price. In this week's data, I will show the average sale price change over YTD 2024 to highlight exactly where prices are today. Price decreases all on their own do not mean the market is retreating.

Pending sales in Deschutes County between $1 million and $1,999,999 remain steady at fourteen this week. Half of those properties reduced their list prices by an average of 11.77% before securing a buyer. Inventory decreased by twelve to 251 active single-family listings. Twelve transactions closed this week, with nine of those sales decreasing the list price before securing a buyer by an average of 10.09%. The sold-to-original list price ratio this week was 88.43%, or an average reduction negotiated by buyers of 11.57%. Year-to-date 2024, 584 sales averaged $1,359,046 compared to 639 sales averaging $1,364,984. In a narrow price tranche, the average sale carries less weight, but a 9.4% increase in sales volume is significant.

There is one fewer active listing in Deschutes County properties listed between $2 million and $2,999,999, now at 65. One pending sale occurred, listed at $2,650,000, with an 11.22% price decrease before securing a buyer. Two closed transactions took place at $2,400,000 and $2,850,000, both in Caldera Springs. The first sale closed at 90.6% of the original list price, with the second at 95.16%. Year-to-date 2024, there were 72 sales in this price tranche, averaging $2,360,568, compared to 93 sales averaging $2,402,229, an increase in sales volume of 29.16%.

Deschutes County active listings over $3 million decreased by one to 41, averaging $5,213,651. There were no pending sales this week. Two transactions closed this week, the first in the Highlands at Broken Top for $3,200,000 at 80.1% of the original list price. There are only a handful of homes in this neighborhood that sell in this price range, and the original list price was aggressively optimistic. The second sale (speaking of aggressively optimistic) closed at $3,385,500, initially listed for $6,300,000, or 53.74% of the original list price. The second sale went to auction, a tactic I have seen with overpriced properties, which resulted in a sale where the property should have been at the start. Year-to-date 2024, there were 35 sales over $3 million, averaging $3,918,655, compared to 36 this year, averaging $3,807,705.

Crook County inventory over $1 million decreased by two, now at 50 active listings. There were no pending or closed transactions this week. Year-to-date 2024, 41 sales averaged $1,532,342 compared to 39 this year, averaging $1,569,966.

Deschutes County farm listings decreased by one to 15, with no pending or closed transactions this week. Year-to-date 2024, two sales averaged $1,525,000, compared to four averaging $1,812,500 so far this year.

Crook County farm listings increased one this week to 10, with a new 18,754-acre property listed for $20,000,000 east of Prineville on the Paulina Highway. There were no pending or closed transactions this week. Year-to-date 2024, five closed transactions averaged $2,730,000 compared with two sales this year averaging $1,296,250.

Overall, sales volume is up considerably this year, or at least on pace with 2024. Prices are mostly flat, maintaining the highs set when our market peaked in late 2022. For some sellers, it might make sense to begin marketing property sooner rather than later, but by all measures, the most significant opportunities right now are for buyers. 

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Stable mortgage rates and unseasonably mild weather throughout Central Oregon have helped extend real estate activity deep into the year. With Thanksgiving just one week away, which typically would coincide with the opening day of the ski season at Mt. Bachelor, the resort is showing bare ground and temperatures above freezing. Winter in the Cascade Mountains has a way of making up for lost time, and snowy weather will eventually kick in. However, the forecast for the next ten days shows sunny skies with temperatures in the upper 40s to low 50s, extending the most pleasant fall weather in the past several years.

Deschutes County had another productive week with 74 pending sales averaging $919,407 and an average price drop before securing a buyer of 7.56%. Active listings decreased by 43 to 1,073, with the average price reduction at 6.48%. Sixty-seven transactions closed, the most since early October. The sold-to-original list price ratio was 93.13%, consistent with the past several weeks. Typically, the market slows during the holidays, but this year's weather might keep activity elevated.

Crook County activity also remains steady, with eight pending sales this week, averaging $620,006 and an average price reduction before securing a buyer at 6.98%. Inventory decreased by seven to 189 active listings, with the average price reduction at 6.23%. Six closed transactions are consistent with the past several weeks, with the average price reduction before securing a contract at 10.6%, and the average sold-to-original list price ratio at 93.36%. The price reductions this week for the closed transactions were modest, but one property east of town on Mill Creek Road skewed the data, selling for 31.375% below the original list price.

Jefferson County also had a big week of activity, with seven pending sales averaging $452,107 and an average price reduction before securing a buyer of 7.05%. The active listings decreased by four to 124, with the average list price at $575,796 and the average price reduction at 6.06%. Seven transactions closed this week, the most since early September, averaging $421,900, with an average price reduction of 14.42% and a sold-to-original price ratio of 87.06%. It was an exceptional week for buyers in Jefferson County, with one notable sale at $860k, initially listed for $1,198,000 - a reduction of 28.2%.

I can't stress enough how favorable the market has been for buyers this fall, despite slightly elevated mortgage rates. With double-digit percentage decreases common for closed transactions this year, the lower prices have more than compensated for the current national average 30-year fixed-rate mortgage interest rate of 6.38%. Locking in a great price today and refinancing to a low rate later creates a "best of both worlds" scenario that isn't always easy to pull off.

Whether you are active in the markets today or looking towards the future, I hope you and your families have time this Thanksgiving to appreciate the important things in your lives. Real estate will be waiting whenever you are ready! 

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The luxury market in Central Oregon experienced a modest decline in inventory, while seasonally strong activity continued. Mortgage interest rates remain stable, with no anticipated changes in the near future. The weather forecast shows mild, dry conditions for the next several days, which will help extend the recent activity deeper into the year. Steady, stable conditions, with a generous number of healthy price negotiations, summarize the activity this fall.

The most activity occurs in the tranche between $1 million and $1,999,999, with steady activity again this week. Single-family home inventory dropped by 18 to 263 listings, with a median days listed of 106 and an average decrease of -7.6% for the 150 homes that have come off the original list price. Fifteen pending sales occurred, with 10 of those reducing the price by an average of 9.91% before securing a contract. Thirteen sales closed this week, averaging $1,322,346, with eight reducing the list price by 7.24% before securing a buyer. The sold-to-list ratio was 96.94%. The sold-to-list ratio shows the price at which the property closed relative to the list price. In contrast, the median price reduction shows the percentage by which a seller reduced the price before securing a contract.

The inventory of Deschutes County single-family homes between $2 million and $2,999,999 decreased by 2, to 66. Two pending sales occurred this week, both in Juniper Preserve (Pronghorn), for $2,197,000 and $2,650,000. The first of the pending sales reduced the list price by 25.5% before securing a contract, and the second by 11.07%. If world-class golf is on your radar, Pronghorn is worth a look. One transaction closed this week in Discovery West in Bend at $2,270,000 after 264 days on the market with a sold-to-original list price ratio of 95.38%.

Deschutes County residential listings over $3 million decreased by two this week, to 42. Three pending sales occurred, averaging $3,623,333 before securing a buyer. Two of those listings reduced their asking prices by an average of 10.15%. This price tranche had the first closing since October 3, a home in North Rim that closed at $3,360,000, initially listed for $3,995,000. The sold-to-original list price of the closed transaction was 84.11%. This week's sale is only the fourth over $3 million since late August. However, year-to-date sales are identical to 2024 at 34, with the average sale price at $3,837,997, down $80,619 from 2024.

The inventory of homes listed over $1 million in Crook County decreased by five this week to 52. Thirty-one of those listings have reduced their prices by an average of 5.05%. Three sales are pending, averaging $1,601,333, and one decreased the asking price by 3.26%. There were no closed transactions this week.

Deschutes County farm listings are stable at 16 with no pending or closed transactions. Crook County farm listings decreased by one, now at nine, with one pending sale at $2,225,000 and no closed transactions. However, the pending sale is also listed as residential and shows in the Crook County numbers above for properties over $1 million.

In 2023, sales volume decreased dramatically from the outsized levels that started in 2020. 2024 increased from 2023, and the YTD activity this year is up from 2024. Year-to-date sales over $1 million in Deschutes County in 2024 were 719, averaging $1,580,763, compared to 790 sales this year, averaging $1,586,229. The sales volume is the more critical metric here, as the diversity of homes over $1 million makes any price comparisons challenging. However, prices in the luxury market have not increased appreciably since 2024. 

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Mortgage interest rates reached the low point of this cycle just before the last Federal Reserve meeting, and spiked nearly as much as the Fed rate decrease immediately after, where they have stayed since. With another rate decrease this year seemingly off the table, rates should remain stable for the next few months. However, the slight increase in rates (the national average for a 30-year fixed-rate mortgage, conventional mortgage this morning is 6.34%) hasn't slowed buyers, with solid pending sale numbers this week. Weather plays a factor in activity at this time of year, and the storms so far this season have been mild, followed by stretches of dry days with mild temperatures. Whatever the reason, activity this fall is steady, and with so many great opportunities available, I anticipate the trend continuing.

Single-family homes listed for sale in Deschutes County dropped 41 this week to 1,116. Pending sales were up considerably from last week at 72, with the average list price for these transactions at $921,576. Sixty-one closed transactions are above recent averages, with the average sale price at $926,774. The sold-to-original-list-price ratio was 93.98%, with 39 of the 61 closed transactions negotiating a lower price.

Crook County active listings dropped eight from last week to 196, the first time inventory has been below 200 since April. Eight pending sales at an average of $1,095,988 occured, with the average sales price helped by three transactions in Powell Butte over $1 million. Two transactions closed this week in Prineville: one at $475,000 (initially listed for $472k) and one at the full listing price of $559,900.

Jefferson County inventory remains stable at 128, down only one from last week. Three pending sales occurred at $289,900, $290,000, and $330,000, with two reducing the list price before securing a buyer by -2.94% and -17.14%. Two transactions closed this week at $304,000 (initially listed for $319,000) and $405,000 initially listed for $469,900. The closed sales represent reductions from the original list price of 3.13% and 14.9% respectively.

The average and median price reductions throughout Central Oregon are compelling, but many properties are taking even deeper double-digit price reductions this fall. With moderate mortgage interest rates, the result is deals that rival or beat many of the monthly payments when rates were half what they are today. This fall is proving to be the best buyer's market in several years and is certainly worth a look for anyone who has been waiting for better conditions. 

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The market above $1 million is showing continued activity this fall, with supply remaining relatively robust. While selection might not be as deep as during peak season, there are still many excellent properties available. Stability in our market is apparent, but the prevalence of deeper discounts is increasing, as shrewd buyers are making low offers on properties that are, in some cases, now in a second fall season since listing. Fewer new properties are hitting the market, but several stand-out new listings are finding buyers in short order. Sellers at this time of year need to balance price with desirability, but relatively favorable interest rates are keeping a steady supply of buyers ready to act.

This morning, the listings in Deschutes County between $1 million and $1,999,999 decreased by 20 from last week, to 281. Thirteen pending sales are one more than last week, with nine of those transactions decreasing the list price an average of 10.58% before securing a buyer. Seventeen transactions closed, with ten of those sales reducing the list price an average of 8.2%. The average sold-to-list ratio of 97.61% shows buyers are negotiating below the list price, with the average sold-to-original list price at 93.03%. The data shows the market slightly favors buyers, and that trend will continue for the next several months.

Deschutes County listings between $2 million and $2,999,999 dropped by a larger margin than the past several weeks, now at 68, a decrease of twelve since last week. Activity this week was steady, with four pending sales, and only one of those decreased the list price by a modest 6.67%. One sale occurred in Broken Top, listed at $3 million and closed at $2,925,000.

The market above $3 million has slowed considerably over the past few weeks, as is typical for this time of year. There are forty-four single-family listings in the price tranche, down by one from last week. There were no pending or closed transactions. After pacing ahead of 2024 for most of the year, the market above $3 million has lost a step compared to last year. Year-to-date 2024, 34 sales averaged $3,918,616 compared to 33 this year, averaging $3,852,481. Much of this comes down to the diverse mix of luxury properties sold in any given year, and the differences are minimal. With several weeks left in the year, one or two sales could easily swing the difference, but the takeaway here is stability in the luxury market.

Listings above $1 million in Crook County decreased by 3 to 57, with 31 of those reducing their asking prices by an average of 4.81%. One sale is pending this week, a modest home on 27 acres east of downtown Prineville at $1,125,000. There were no closed transactions this week.

Deschutes County farm listings increased by one to sixteen, with no pending sales. One sale occurred at $1,350,000 after listing a total of 1,156 days on the market. This property was initially listed for $2,300,000, and dropped to $1,750,000 before accepting the offer at $1,350,000, 58.7% of the initial list price. The property included a commercial-grade greenhouse and a modest residential structure, partially renovated with some unfinished work. Obviously, the initial list price was unrealistic, but the location boasts Cascade Mountain views in Tumalo, on Innes Market Road.  

Crook County farm listings over $1 million are flat at ten with no pending sales. One sale occurred on 91 acres north of town on Grimes Road for $1,335,000. The property was listed just 21 days before securing a contract.

Late in the year, it is common to see buyers making low offers on properties that have been on the market for an extended period. In many cases, these listings have issues that make them challenging, but at the right price, every property has value. Even exceptional properties are subject to a price below asking as the year winds down. However, even quick sales at full price have less pressure since fewer buyers are engaging the market. Whether you are considering a purchase today or thinking about listing, the fall can be a great time to start learning the market. 

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Shorter days and changing weather are settling into Central Oregon, and the housing market is in the midst of the seasonal slowdown in transaction volume. But for the buyers active today, the deals negotiated have been well worth the effort. In any year, a significant number of sellers on the market late in the year are highly motivated to close by year's end, and this year is no different. While mortgage rates may be slightly higher than recent lows, they remain attractive, especially when combined with double-digit price reductions. Granted, the properties taking the deepest cuts were overpriced to begin with, but deals are still happening, and sales volume is up year over year.

Inventory in Deschutes County sits at 1,157 single-family homes, down 84 from last week, and up 90 from this week last year. Fifty-three pending sales averaged $853,089, with 33 of those reducing the price by an average of 6.29% before finding a buyer. Sixty-five sales closed, averaging $884,329, with 44 of those transactions reducing the price an average of 8.24% before securing a contract. The sold-to-list ratio was 97.4%, with the sold-to-original list ratio at 91.87%. Not every home adjusted its price, but several cut prices even deeper than the average, offering some great deals for buyers.

Crook County inventory decreased eight to 204 single-family listings. Four pending sales averaged $493,475, with one reducing the asking price by 15.33%. Eight transactions closed this week, averaging $609,875, with the sold-to-list ratio at 99.44% and the sold-to-original-list ratio at 93.85%.

Jefferson County inventory remains stable at 129, down six from last week. Four pending sales averaged $401,475, and all four listings reduced prices by an average of 8.95%. Two transactions closed this week, at $425,000 and $444,900. The closed sale at $425k initially listed at $639,000, a 33.5% reduction after 712 days on the market. The other closed transaction closed at 7.1% below the list price after 493 days on the market, notable for a home built in 2024. Higher mortgage rates and increased inventory have significantly altered the dynamics for many properties in Jefferson County.

For buyers ready to purchase this fall, who can find a suitable property, the conditions are better than they have been in several years. Much of this comes down to sellers being realistic about today's market. Overall, sales volume is up slightly from last year, along with prices, but in much smaller increments than the run-up to the peak market in 2022. Increased competition creates opportunity, but stability is the best word to describe the Central Oregon Housing market today. With another Federal Reserve rate decrease all but off the table until late January, there shouldn't be any surprises for the next few months as we transition to a new year and a fresh selling season. 

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