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After a spring that showed steady improvement, June reinforced the strength of the Bend real estate market. While fewer homeowners chose to list their properties compared to last year, buyers continued to purchase homes at an impressive pace. The result was lower inventory, faster sales, and rising prices across Bend's residential market. Compar...
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.
Here are the key statistics shaping the Bend Oregon real estate market in February 2026:
Median Sales Price: $725,000 (up 3.6%)
Closed Sales: 117 homes (up 20.6%)
Mortgage rates are finally heading in the right direction – and buyers are starting to jump back in.
According to the data, buyer demand picked up considerably once mortgage rates hit a new low for 2025. The Mortgage Bankers Association (MBA) reports that applications for home loans were up 23% compared to the first week of September last year.
If you've been waiting to sell, or your listing recently expired because the market was slower than you hoped it would be, now's the time to reconsider your move. Buyer demand is the highest it's been since July – and you don't want to miss this window.
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