Debbie Martorano

Cell: 541.480.2089

Office: 541.728.0033

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42 NW Greenwood Ave.
Bend, OR 97703

Specialties: Residential, Customer service

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

“The June 2026 Deschutes County housing market remained active and balanced as summer got underway. Buyer demand strengthened across much of Central Oregon, with closed sales increasing despite elevated inventory in several markets. Bend continued to lead with stable pricing near $728,000 and strong buyer activity, while Sisters shifted further toward a buyer's market as inventory expanded. Redmond remained steady, La Pine continued to offer one of the region's most affordable price points, and Prineville posted notable year-over-year price growth. Overall, buyers benefited from greater selection and negotiating opportunities, while well-priced homes continued to sell successfully.”

-Cory Bettesworth, Managing Principal Broker, REMAX Key Properties

REAL ESTATE MARKET UPDATES FOR CENTRAL OREGON

Deschutes County

Notable metrics include:

  • The Median Sales Price in June 2026 was $640,000, representing a 1.14% decrease year-over-year from $647,375 in June 2025, reflecting relatively stable home values despite shifting market dynamics and increased buyer activity throughout Deschutes County.
  • New listings increased 0.3% year-over-year, with 608 new residential properties coming to market compared to 606 in June 2025, maintaining a steady pace of inventory entering the market and providing buyers with continued opportunities.
  • The Absorption Rate in June 2026 measured 5.47 months, down from 5.96 months one year ago, indicating market conditions that remain generally balanced between buyers and sellers.
  • The average Cumulative Days on Market (CDOM) increased to 63 days, up 3.28% from 61 days in June 2025, while the median CDOM improved from 28 days to 24 days, suggesting that well-positioned homes continue to attract buyers and sell efficiently despite slightly longer overall marketing times.
  • Active listings totaled 1,926 homes, a 5.2% decrease from 2,031 one year ago, while sold listings increased 17.9% to 461 closed sales compared to 391 in June 2025, reflecting stronger transaction activity across the county.
  • Average sale prices increased 8.20% year-over-year to $822,598 from $760,227, while the average active list price declined 2.34% to $943,845, indicating continued buyer demand alongside more competitive seller pricing.

The key June 2026 real estate metrics for Deschutes County reflect a market that remains active and relatively balanced. Stable median pricing, stronger sales activity, improving median marketing times, and a lower absorption rate point to healthy buyer engagement, while consistent inventory levels continue to provide buyers with meaningful choice and negotiating opportunities.

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

  • The Median Sales Price in June 2026 was $727,850, representing a 0.56% increase year-over-year from $723,800 in June 2025, reflecting stable home values despite shifting inventory levels and continued buyer demand throughout Bend.
  • New listings declined 6.6% year-over-year, with 340 new residential properties coming to market compared to 364 in June 2025, though listing activity remains healthy and continues to provide buyers with a wide selection of homes.
  • The Absorption Rate in June 2026 measured 4.75 months, down from 5.90 months one year ago, indicating market conditions that remain generally balanced while trending slightly in favor of sellers.
  • The average Cumulative Days on Market (CDOM) decreased to 61 days, down 3.17% from 63 days in June 2025, while the median CDOM improved from 30 days to 21 days, suggesting that well-positioned homes are continuing to attract strong buyer interest and sell more quickly.
  • Active listings totaled 1,022 homes, a 12.0% decrease from 1,162 one year ago, while sold listings increased 16.5% to 283 closed sales compared to 243 in June 2025, reflecting stronger transaction activity throughout the Bend market.
  • Average sale prices increased 11.41% year-over-year to $958,779 from $860,548, while the average active list price declined 1.50% to $1,106,667, indicating continued buyer willingness to compete for desirable properties as sellers price homes more competitively.

The key June 2026 real estate metrics for Bend reflect a market that remains active and relatively balanced. Stable median pricing, stronger sales activity, faster marketing times, and a lower absorption rate point to healthy buyer engagement, while reduced inventory continues to support home values despite a modest decline in new listings.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

  • The Median Sales Price in June 2026 was $687,000, representing a 4.58% decrease year-over-year from $720,000 in June 2025, reflecting softer pricing as inventory expanded and buyers gained more negotiating leverage in the Sisters market.
  • New listings increased 58.6% year-over-year, with 46 new residential properties coming to market compared to 29 in June 2025, significantly expanding buyer choice and contributing to higher inventory levels.
  • The Absorption Rate in June 2026 measured 9.28 months, up from 6.25 months one year ago, indicating a market that has shifted further in favor of buyers as inventory continues to outpace sales activity.
  • The average Cumulative Days on Market (CDOM) increased to 65 days, up 12.07% from 58 days in June 2025, while the median CDOM improved significantly from 39 days to 21 days, suggesting that while the overall market has slowed, well-priced homes are still selling relatively quickly.
  • Active listings totaled 147 homes, a 31.3% increase from 112 one year ago, while sold listings increased 5.3% to 20 closed sales compared to 19 in June 2025, reflecting modest gains in transaction activity despite substantially higher inventory.
  • Average sale prices declined 3.32% year-over-year to $747,760 from $773,402, while the average active list price declined 20.48% to $1,080,224, indicating continued pricing adjustments as sellers respond to changing market conditions.

The key June 2026 real estate metrics for Sisters reflect a market that has become increasingly favorable for buyers. Expanded inventory, higher absorption rates, and modest declines in both median and average sale prices point to greater negotiating opportunities, while improved median marketing times demonstrate that competitively priced homes continue to attract buyer interest.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

  • The Median Sales Price in June 2026 was $509,000, representing a 3.43% decrease year-over-year from $527,086 in June 2025, reflecting relatively stable pricing as inventory remained healthy and buyers gained slightly more negotiating leverage in the Redmond market.
  • New listings increased 1.7% year-over-year, with 119 new residential properties coming to market compared to 117 in June 2025, maintaining a steady flow of inventory and providing buyers with continued opportunities.
  • The Absorption Rate in June 2026 measured 4.65 months, up slightly from 4.51 months one year ago, indicating market conditions that remain generally balanced between buyers and sellers.
  • The average Cumulative Days on Market (CDOM) remained unchanged at 53 days compared to June 2025, while the median CDOM increased from 21 days to 27 days, suggesting that homes are taking slightly longer to secure buyers despite stable overall marketing times.
  • Active listings totaled 354 homes, a 4.6% decrease from 371 one year ago, while sold listings increased 24.7% to 101 closed sales compared to 81 in June 2025, reflecting a notable increase in buyer activity across the Redmond market.
  • Average sale prices increased 3.93% year-over-year to $559,209 from $538,054, while the average active list price declined 0.59% to $649,152, indicating steady buyer demand alongside competitive seller pricing.

The key June 2026 real estate metrics for Redmond reflect a market that remains active and relatively balanced. Stable pricing, stronger sales activity, consistent marketing times, and a moderate absorption rate point to healthy buyer engagement, while steady inventory levels continue to provide buyers with a solid selection of available homes.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

  • The Median Sales Price in June 2026 was $394,900, representing a 3.40% increase year-over-year from $381,900 in June 2025, reflecting continued price stability despite higher inventory levels and a more buyer-friendly market in La Pine.
  • New listings increased 6.6% year-over-year, with 65 new residential properties coming to market compared to 61 in June 2025, providing buyers with an expanded selection of available homes.
  • The Absorption Rate in June 2026 measured 9.71 months, up from 8.56 months one year ago, indicating market conditions that continue to favor buyers as inventory outpaces the pace of sales.
  • The average Cumulative Days on Market (CDOM) increased to 106 days, up 27.71% from 83 days in June 2025, while the median CDOM increased slightly from 43 days to 45 days, suggesting homes are generally taking longer to sell in the current market.
  • Active listings totaled 255 homes, a 12.8% increase from 226 one year ago, while sold listings increased 40.0% to 35 closed sales compared to 25 in June 2025, reflecting stronger transaction activity despite elevated inventory levels.
  • Average sale prices increased 11.02% year-over-year to $415,794 from $374,520, while the average active list price increased 14.36% to $607,352, indicating continued strength in higher-priced listings and improving values across the market.

The key June 2026 real estate metrics for La Pine reflect a market that remains active while continuing to favor buyers. Higher inventory, a rising absorption rate, and longer marketing times provide buyers with greater negotiating opportunities, while increases in both median and average sale prices, along with stronger sales activity, demonstrate continued demand for well-priced homes.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

  • The Median Sales Price in June 2026 was $460,000, representing a 15.00% increase year-over-year from $400,000 in June 2025, reflecting strong appreciation despite increasing inventory and longer marketing times in the Prineville market.
  • New listings declined 17.7% year-over-year, with 51 new residential properties coming to market compared to 62 in June 2025, though listing activity remains steady and continues to provide buyers with a healthy selection of available homes.
  • The Absorption Rate in June 2026 measured 7.38 months, up from 6.89 months one year ago, indicating market conditions that continue to favor buyers as inventory outpaces the pace of sales.
  • The average Cumulative Days on Market (CDOM) increased to 124 days, up 113.79% from 58 days in June 2025, while the median CDOM increased from 29 days to 62 days, suggesting homes are taking considerably longer to sell than they were a year ago.
  • Active listings totaled 236 homes, a 12.4% increase from 210 one year ago, while sold listings increased 16.2% to 43 closed sales compared to 37 in June 2025, reflecting stronger transaction activity despite higher inventory levels.
  • Average sale prices increased 6.75% year-over-year to $477,347 from $447,172, while the average active list price declined 0.97% to $624,728, indicating continued buyer demand alongside more competitive seller pricing.

The key June 2026 real estate metrics for Prineville reflect a market that remains active while continuing to favor buyers. Rising inventory, a higher absorption rate, and significantly longer marketing times provide buyers with greater negotiating opportunities, while double-digit growth in the median sale price and increased sales activity demonstrate continued demand for well-priced homes.

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

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