Central Oregon Real Estate Dashboard

Deschutes County is still classified as a Seller's Market. That's not my opinion — that's the read from RPR's official Market Trends Report pulled May 20, 2026 (data through April 2026). Median sold prices are rising month-over-month, days on market dropped 23% in April, and the sold-to-list ratio firmed to 98.7%. Mortgage rates have eased meaningfully from where they sat 12 months ago, and qualified buyers are re-engaging into spring. Here's the full read.

What it means: Conventional and VA borrowers are seeing measurably better payment math than a year ago, and VA-eligible buyers in particular have the strongest hand in the room at 5.875% — roughly 100 bps below conventional. Year-end consensus from Freddie Mac, Fannie Mae, MBA, and NAR has the 30-Yr drifting into the 5.8–6.2% range by December. For buyers, "marry the house, date the rate" is very much the play.

What it means: The April numbers paint a much more constructive picture than headline scrape sites suggest. DOM dropped from ~26 days in March to 20 in April (a 23% improvement), the sold-to-list ratio firmed to 0.987, and new-pending list prices rose 3.8% — all signs that buyers are re-engaging into spring. Months of supply ticked up to 4.91 (still well inside the seller's-market band, but the deepest selection buyers have had in a year).

What it means: Per RPR (the National Association of Realtors' official property database), Deschutes County is still classified as a Seller's Market — with prices firming, not falling. Median sold price climbed 3.3% month-over-month, public-records sales jumped 6.4% MoM, and the full 12-month change in estimated property value is only −1.2%. That's mild softening, not a correction. Pockets within the city of Bend may show steeper YoY softness (Zillow shows Bend-only at −6.1% YoY; Redfin shows −7.9% YoY in March), but at the county level — including Sisters, Redmond, La Pine, and unincorporated Deschutes — the trend is constructive.

What it means: Permit data runs on a 60–90 day lag, and the seasonally-adjusted series has not refreshed for this week. Directional read: new construction has cooled meaningfully off the 2021–22 peak, which keeps a structural lid on listing inventory. With Deschutes County leading Oregon in net population growth (+6.6% since 2020) and Crook County leading in growth rate (+12.7%), permit pace is running well below in-migration-driven demand. That mismatch is the long-term floor under values.