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As expected, the supply of homes in Central Oregon took another significant dip this week. The national average for a 30-year fixed-rate conventional mortgage dipped slightly to 6.19%, a trend that will likely continue as rates stabilize and eventually settle in closer to the the 6% threshold. Exactly where rates end up depends on several factors yet to unfold, but I anticipate the very high 5% to the very low 6% range for the majority of the 2026 selling season.
This week, I will break down sales volume and price changes between 2024 and 2025, including a deeper analysis of different price tranches. The too-long, did-not-read version is that prices were basically flat in 2025 over 2024.
Deschutes County Listings
This morning in Deschutes County, actively listed single-family homes decreased by 74 to 796. A significant drop is typical at year-end, and it's nothing out of the ordinary. Forty-nine pending sales this week averaged $884,033, and 24 of those sales reduced the asking price by an average of 6.84% before securing a buyer. Twenty-nine transactions closed this week, averaging $919,332, with 18 reducing the asking price 7.91% before securing a buyer. The sold-to-original-list-price ratio was 92.84%.
Deschutes County sales in 2025 totaled 3,506, 161 more than last year. The average sale price was $872,095, an increase of 3.01% from 2024's average. Sales in the county under $1 million were 2,676, seventy-three more than in 2024. The average sale price in this tranche was $639,436, reflecting a 1.09% increase. Over $1 million, there were 851 sales, an increase of 100 over 2024, with the average price at $1,606,856, a 1.04% increase. Between $1 million and $2,999,999, there were 812 sales, an increase of 98 from 2024, with an average sale price of $1,501,240, an increase of 2.09%. Over $3 million, there were 39 sales, two more than in 2024, averaging $3,805,830, a decrease of 2.49% from 2024. The data show that competition increased and that price matters. In this environment, over-priced homes do not sell.
Crook County Listings
This morning in Crook County, there are 145 single-family listings, down by 14 from last week. two pending sales occirred at $330k and $429k, with no price changes. Five transactions closed this week, averaging $865,580, with a sold-to-original-list-price ratio of 92.65%.
There were 381 single-family homes sold in Crook County in 2025, down by one from 2024. The average sale price was $604,688, up 1.4%. Over $1 million, there were 44 sales in the county, up one from 2024. The average sale price in this tranche was $1,547,924, up 1.91%. There were 29 sales in Brasada Ranch in 2025, down four from 2024. The average sale price was $1,474,887, up 4.6%. Under $1 million, Crook County had 337 sales averaging $481,536, an increase of .15%. There is a bifurcation in the dynamics of homes in Crook County, splitting at the $1 million mark. Competition at lower price points makes accurate pricing of listings imperative, amid flat year-over-year growth.
Jefferson County Listings
In Jefferson County, there are 115 single-family listings this morning, down nine from last week. Three pending sales averaged $353k, with one reducing the price 12.48% before securing a buyer. Two transactions closed at $327k and $800k, with the sold-to-original-list-price ratio at 95.71%.
Jefferson County had 247 single-family sales in 2025, up 23 from 2024. The average sale price was $433,807, up 3.1%. There were two sales in the county over $1 million in 2025 ($1,024,000 and $1,200,000), the same as in 2024. The 2024 sales were at $1,000,000 and $1,100,000. While 2025 sales reflect an 8.76% increase, the data pool and diversity of these four properties render the increase meaningless. While Jefferson County doesn't have many properties selling over $1 million, the overall market was steady, and the sales price increases are in line with those of Crook and Deschutes Counties.
Ultimate Guide to Bend, Oregon
2026 has already ushered in lower mortgage interest rates, which should help bolster sales for the year. Short of bidding wars, which are essentially behind us in most of the market, price will be the most significant factor when listing properties. Without the market pressure that does not exist today, 2026 is shaping up to be incrementally better than 2025. I specialize in market analysis and estimating accurate sale prices, so please reach out if you have any questions about your home's position in the market today or a reasonable price for homes you are considering purchasing. I am always happy to share my knowledge of Central Oregon communities and current market dynamics.
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