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...
The Bend real estate market has become increasingly selective in 2026. Homes are still selling, buyers are still moving to Central Oregon, and desirable properties continue to attract attention. But there is a noticeable difference between the homes buyers are responding to and those that remain on the market.
As we move through August, we are seeing inventory grow and buyer activity slow. We won't have fina...
The Bend real estate market continued to demonstrate resilience in July 2026. While the number of new listings declined and inventory tightened compared to last year, buyer demand remained healthy with more homes closing, pending sales increasing, and the median sales price rising nearly 5%.
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.
When a home hits the market in Bend, most sellers assume the process unfolds over weeks or even months. Showings build, interest develops, and eventually the right buyer appears.
That's not how it works anymore. In today's market, the first seven days carry disproportionate weight. This is when buyers are paying the closest attention, when new inventory is evaluated, and when a home either gains momentum—or misses it.