Central Oregon Market Update · Week of August 8, 2026Bend & Central Oregon Real Estate: StabilityBend · Redmond · La Pine · Sisters · PrinevilleBy Jordan|
Central Oregon Market Update for August 8th 2026
Dated: August 9 2026
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Central Oregon Market Update · Week of August 8, 2026
Bend & Central Oregon Real Estate: Stability
Fresh Deschutes County numbers are in for July, and the story is stability — not the "crash" the headlines keep hinting at. Prices are up modestly year-over-year, sellers are still capturing about 96% of their asking price, and buyers finally have real breathing room. Here's your no-spin read on where the market stands and what it means for you.
The Big Picture
After the frenzy of 2021–2022, Central Oregon has settled into a healthier, more balanced rhythm. July's county-wide median sale price came in at $668,025 — up 2.77% from a year ago, while the 2026 year-to-date median is essentially flat. Translation: this is normalization, not a downturn. What's really changed is balance — inventory has grown enough to give buyers genuine choice for the first time in years, without tipping the market into oversupply.
Prices & Sales
$668,025
Median Sale Price (July)
▲ 2.77% YoY
$859,049
Average Sale Price (July)
▲ 5.74% YoY
$645,000
Median Sale Price (2026 YTD)
▼ 0.92% YoY
What it means: The median is up modestly while the average is climbing faster — a sign that luxury and higher-end sales ($1.5M+) are pulling the average upward, not broad-based appreciation across every price point. Well-priced homes in the core market continue to sell; overpriced and high-end listings take longer.
Inventory & Days on Market
| Metric | July 2026 | Year-over-Year |
|---|---|---|
| Median List Price (active listings) | $689,000 | ▼ 4.3% |
| Active Inventory | 2,044 listings | ▼ 2.2% |
| Homes Sold (July) | 424 | ▲ 4.7% |
| New Listings (July) | 602 | ▲ 6.0% |
| Absorption Rate (months of supply) | 5.70 | ▼ 6.7% |
| Sale-to-Original-List Ratio | 0.961 | — |
| Average / Median Days on Market | 67 / 32 days | ▼ 4.3% avg |
What it means: With roughly 2,044 homes for sale and about 5.7 months of supply, buyers have more options and more negotiating leverage than they've had in a long time — yet sellers who price correctly are still walking away with about 96% of their original asking price. The market rewards realistic pricing and penalizes overreach.
A quick note on online estimates: Some public "home value" pages are currently showing wildly inflated year-over-year swings for Deschutes County (one is reporting +36%). That figure is not supported by the actual closed-sale data, which shows roughly +2.8% for July. When in doubt, trust local MLS-sourced numbers — or just ask me.
Mortgage Rates
6.75%
OR 30-Yr Fixed
▼ vs early '25
6.04%
OR 15-Yr Fixed
▼ vs early '25
6.54%
30-Yr VA (APR)
▼ vs early '25
6.97%
30-Yr FHA (APR)
▲ vs early '25
What it means: Conventional financing is holding in the mid-6s and still sits below where it was in early 2025 — a quiet tailwind for buying power. Rates ticked up slightly week-over-week, so this is a "steady, not falling" environment. (FHA's APR reads higher mainly because it bundles mortgage insurance.)
What's Driving Demand
The long-term fundamentals that make Central Oregon special haven't changed. Oregon's population growth continues to be sustained by in-migration, and Bend and the surrounding communities remain a magnet for remote workers and recreation-driven households. Meanwhile, new construction is running modestly — roughly 215 permits a month in the Bend metro — which keeps a floor under prices even as the market rebalances. More people want to be here than we're building homes for.
Bottom Line for Buyers & Sellers
If you're selling: Homes are still selling well — but the days of naming any price are over. Price to today's buyer from day one, present the home in its best light, and you'll transact in a reasonable window. Overpricing is the single biggest reason a listing sits.
If you're buying: You have more leverage and more choices than you've had in years. Rates are stable, inventory is healthier, and there's room to negotiate on price and terms. Get pre-approved, know your monthly payment, and move decisively on the right home.
Curious what your home is worth — or what you can afford today?
Let's run your numbers with real, local data. No pressure, just clarity.
Get in touch with JordanData as of August 8, 2026. Listings, sales, inventory, and price figures reflect Deschutes County Residential MLS data through July 2026. Mortgage rates from Zillow Home Loans (Oregon), Freddie Mac PMMS, and Lower; permits from FRED; migration from U.S. Census. Figures are for informational purposes and are not a guarantee of future results. Jordan Marx is a Licensed Real Estate Broker with eXp Realty. This is not lending or financial advice.
Jordan Marx
As a licensed real estate broker with eXp Realty, I help buyers and sellers across Central Oregon—including Bend, Redmond, La Pine, and Madras—navigate every stage of the real estate proce....
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The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than eXp Realty in Oregon are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 22, 2026 7:19 AM UTC Some properties which appear for sale on this website may subsequently have sold or may
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by RMLSTM.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty in Oregon are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 22, 2026 6:25 AM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
