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This afternoon at my home outside the Sunriver Resort, it is 45 degrees and raining, and the weather finally feels like it matches the season. Temperatures are forecast to drop, but there is plenty of sunshine expected for the coming week. Now that Thanksgiving is less than two weeks away, many have shifted their focus from real estate to family, socializing, and get-togethers, and the market data reflects that. Jumbo 30-year mortgage rates also rose slightly this week to 7.50%. On to this week’s data!
Ultimate Guide to Sisters Oregon
Deschutes County inventory between $1 million and $1,999,999 decreased from 301 last week to 299 today, reflecting the seasonal slowdown in activity. Eight pending sales are down from 10 last week, with 6 of those transactions reducing their asking price by an average of 10.94% before securing a contract. Twelve closed transactions are down from 15 last week, with 8 of those listings reducing their asking price by an average of 6.65% before securing a buyer, and a sold-to-original-list-price ratio of 95.95%.
Deschutes County $1M - $2M
Deschutes County single-family homes listed between $2 million and $2,999,999 increased by 2 this week to 58. No sales are pending this week, and one transaction closed at $2,175,000 on Awbrey Butte. The closed property was on the market for 514 days and closed at 88.78% of the original list price.
Deschutes County $2M - $3M
Listings over $3 million in Deschutes County are stable at 35, with no pending or closed activity.
Deschutes County over $3M
Crook County listings over $1 million increased by 1 this week to 77, with no pending sale activity. One transaction closed this week in Powell Butte at $ 1,632,000, 91.94% of the original list price.
Powell Butte Listings
Deschutes County farm listings over $1 million are steady at 13, while Crook County farm listings over $1 million are stable at 15. Neither county had any pending or closed activity this week.
Central Oregon Farm Listings
If it feels like sales activity has slowed, you are right. However, the difference between this week last year and today is small. As small as the difference may be, activity is unquestionably slower than last year. So far, the year-to-date comparisons are not radically different, but with six weeks left in the calendar year, it appears 2026 will close out closer to the 2025 numbers than the first 10 months would have indicated. I will be keeping a close eye on how 2026 wraps up, with particular attention to the trends that begin to reveal themselves in early 2027. If buying or selling real estate in the Central Oregon luxury market is on your Bingo card for 2027, you definitely want to stay tuned! The biggest shift in real estate activity in several years is unfolding, and keeping up with market conditions is more important now than ever.
Ultimate Guide to Bend, Oregon
Want a market analysis tailored to your goals or a seller/buyer strategy for Central Oregon luxury properties? Reach out, and I’ll prepare a custom report.
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