The Bend housing market slowed further in October 2026 as mortgage rates averaging approximately 7.3% reduced buyer purchasing power and kept many financed buyers on the sidelines.
The median sales price declined 3.6%, closed sales fell 16.8%, and pending sales dropped 17.4% compared with October 2025. At the same time, cash purchases increased sharply and represented nearly 40% of completed sales.
These numbers do not indicate a housing crash or an oversupply of Bend homes. They show a market constrained by affordability, with fewer buyers able or willing to purchase at today's combination of home prices and borrowing costs.
For current statistics, previous monthly reports and a broader explanation of local conditions, visit our Bend Oregon Real Estat...
Central Oregon is often discussed as though it were one housing market. It is not. Bend, Redmond, Sisters, Sunriver, La Pine and Prineville differ considerably in inventory, price, property type, buyer pool and transaction volume.
As fall 2026 begins, buyers generally have more negotiating room in La Pine and Prineville than in Bend or Redmond. Sisters and Sunriver fall between those groups, although their smaller transaction counts and specialized properties make broad conclusions less dependable.
Negotiating room does not mean that every seller will accept a discounted offer. It means buyers have more alternatives, listings face more competition and sellers may need to be more flexible about price, rep...
The Bend real estate market continued to strengthen in May 2026, with higher home prices, more closed sales, and a significant increase in pending sales compared to one year ago. While affordability remains a challenge for many buyers, the market has shown resilience. Demand remains healthy, inventory is still below last year's levels, and properly priced homes are attracting attention quickly. The strongest signal from May's numbers may be the surge in pending sales, suggesting buyer confidence remains intact heading into the summer market.
April 2026 shows a Bend real estate market that is adjusting—not collapsing. Pricing has come off noticeably from a year ago, but buyer activity remains stable and, in some areas, quietly improving. The result is a more balanced market where properly priced homes are still moving, while aspirational pricing is getting corrected.