John Schimmoller

Cell: 541.610.7826

Office: 541.728.0033

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42 NW Greenwood Ave.
Bend, OR 97703

Specialties: Residential, Commercial, and Development 

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

"The March 2026 Deschutes County housing market reflected a more balanced and price-sensitive environment as the spring market gained momentum. County-wide, new listings increased across most areas while longer marketing times and rising inventory in some segments pointed to more selective buyer behavior. Bend saw notable price moderation to around $655,000 despite improved sales activity, while Sisters experienced a sharper decline to approximately $603,000 alongside slower transaction volume. Redmond remained relatively stable near $471,500 with steady demand and improving sales pace, while La Pine continued to lean buyer-favorable around $383,000 amid rising inventory and fewer closed sales. Prineville stood out with continued price strength near $440,000 and a meaningful increase in sales activity. Overall, March reflected a market that is active but more competitive, where pricing strategy and presentation remain critical for sellers.”

-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 March 2026 was $617,498, representing a 6.3% decrease year-over-year from $659,000 in March 2025, signaling continued price softening across Deschutes County as the market adjusts to more balanced conditions after prior years of rapid appreciation.
    • New listings increased 10.2% year-over-year, with 658 new residential properties coming to market compared to 597 in March 2025, reflecting a seasonal rise in seller activity as the spring market gains momentum.
    • The Absorption Rate in March 2026 measured 3.96 months, down slightly by 1.98% from 4.04 months one year ago, indicating relatively stable inventory conditions with a modest tilt toward seller-favorable absorption despite pricing adjustments.
    • The average Cumulative Days on Market (CDOM) was 82 days, a slight 1.23% increase from 81 days last March, while the median CDOM declined 22.86% from 35 to 27 days, suggesting that while some listings are taking longer to sell, well-priced homes are still moving efficiently.
    • Active listings remained essentially flat year-over-year at 1,378 homes (compared to 1,379), while sold listings increased 2.8% to 326 closed sales from 317 in March 2025, indicating steady buyer demand and slightly improved transaction volume.

The key March 2026 real estate metrics for Deschutes County reflect a market that is stabilizing and transitioning. Lower sale prices, increased new listing activity, steady inventory levels, and consistent sales volume suggest buyers remain active but price-sensitive, while sellers must remain strategic with pricing and presentation to capture demand in a more competitive environment.

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

  • The Median Sales Price in March 2026 was $655,000, representing a 15.48% decrease year-over-year from $775,000 in March 2025, signaling meaningful price softening in Bend as the market continues to normalize and buyers gain more leverage.
  • New listings increased 10.9% year-over-year, with 366 new residential properties coming to market compared to 330 in March 2025, reflecting a healthy seasonal increase in seller activity as the spring market begins to build.
  • The Absorption Rate in March 2026 measured 3.6 months, down 11.11% from 4.05 months one year ago, indicating inventory is being absorbed at a somewhat stronger pace even as pricing adjusts and buyers remain selective.
  • The average Cumulative Days on Market (CDOM) held steady at 79 days year-over-year, while the median CDOM fell 33.33% from 33 days to 22 days, suggesting that well-positioned homes are moving faster even though the broader market remains measured.
  • Active listings declined 4.2% year-over-year to 761 homes from 794, while sold listings increased 8.4% to 207 closed sales compared to 191 in March 2025, showing improved buyer activity despite lower pricing.

The key March 2026 real estate metrics for Bend reflect a market that is active but price-sensitive. Lower sale prices, increased new listing activity, stronger closed volume, and quicker movement for well-priced homes suggest buyers are still engaged, but sellers need to be strategic on pricing and presentation to stand out in a more competitive environment.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

  • The Median Sales Price in March 2026 was $603,000, representing a 24.06% decrease year-over-year from $794,000 in March 2025, signaling a significant price correction in Sisters as the market adjusts to reduced buyer urgency and increased sensitivity to pricing.
  • New listings increased 33.3% year-over-year, with 32 new residential properties coming to market compared to 24 in March 2025, reflecting a notable uptick in seller activity heading into the spring season.
  • The Absorption Rate in March 2026 measured 5.11 months, up 20.24% from 4.25 months one year ago, indicating a shift toward more balanced—or slightly buyer-favored—conditions with increased inventory relative to demand.
  • The average Cumulative Days on Market (CDOM) declined to 57 days, a 32.94% decrease from 85 days last March, while the median CDOM rose significantly from 12 to 32 days, highlighting a mixed market where some homes are selling quickly while others linger longer depending on pricing and appeal.
  • Active listings increased 8.1% year-over-year to 80 homes from 74, while sold listings declined 11.8% to 15 closed sales compared to 17 in March 2025, indicating softer transaction volume alongside rising inventory.

The key March 2026 real estate metrics for Sisters reflect a market that is slowing and becoming more competitive. Sharply lower sale prices, increased new listing activity, rising absorption rates, and reduced sales volume suggest buyers have gained negotiating power, and sellers must be especially strategic with pricing and positioning to successfully capture demand in a smaller, more variable market.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

    • The Median Sales Price in March 2026 was $471,500, representing an 8.27% decrease year-over-year from $514,000 in March 2025, indicating moderate price softening in Redmond as affordability pressures and buyer selectivity continue to influence the market.
    • New listings increased 14.2% year-over-year, with 145 new residential properties coming to market compared to 127 in March 2025, reflecting a solid seasonal rise in seller activity as the spring market begins to take shape.
    • The Absorption Rate in March 2026 measured 3.39 months, up 7.96% from 3.14 months one year ago, suggesting a slight shift toward more balanced conditions as inventory grows relative to buyer demand.
    • The average Cumulative Days on Market (CDOM) declined to 69 days, a 17.86% decrease from 84 days last March, while the median CDOM fell 18.75% from 48 to 39 days, indicating homes are generally selling faster despite softer pricing.
    • Active listings decreased slightly by 2.7% year-over-year to 256 homes from 263, while sold listings increased 4.6% to 68 closed sales compared to 65 in March 2025, showing steady buyer activity and modest improvement in transaction volume.

The key March 2026 real estate metrics for Redmond reflect a market that remains active and relatively balanced. Slightly lower sale prices, increased new listing activity, stable inventory levels, and improved sales volume suggest buyers are engaged but value-driven, while sellers must remain competitive on pricing to achieve timely results.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

  • The Median Sales Price in March 2026 was $383,000, representing a 3.04% decrease year-over-year from $395,000 in March 2025, signaling relatively modest price softening in La Pine even as broader market conditions have become more challenging.
  • New listings dipped 1.6% year-over-year, with 60 new residential properties coming to market compared to 61 in March 2025, indicating seller activity remained essentially steady heading into the spring market.
  • The Absorption Rate in March 2026 measured 6.71 months, up 22.67% from 5.47 months one year ago, indicating a slower market pace and more buyer-favorable conditions as inventory continues to build relative to demand.
  • The average Cumulative Days on Market (CDOM) rose to 136 days, a 19.3% increase from 114 days last March, while the median CDOM increased 26.39% from 72 to 91 days, highlighting longer marketing times and more selective buyer behavior.
  • Active listings increased 14.8% year-over-year to 171 homes from 149, while sold listings fell 39.1% to 14 closed sales from 23 in March 2025, showing weaker transaction volume as inventory expands and buyers take more time to act.

The key March 2026 real estate metrics for La Pine reflect a market that is slower and more competitive than a year ago. Slightly lower sale prices, flat new listing activity, rising inventory, fewer closed sales, and longer days on market suggest buyers have gained leverage, requiring sellers to remain realistic on pricing and patient with longer marketing periods.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

  • The Median Sales Price in March 2026 was $440,000, representing a 13.55% increase year-over-year from $387,500 in March 2025, signaling meaningful price growth in Prineville even as the market continues to normalize.
  • New listings increased 25.0% year-over-year, with 65 new residential properties coming to market compared to 52 in March 2025, reflecting a noticeable increase in seller activity as the spring market begins to build.
  • The Absorption Rate in March 2026 measured 5.49 months, up 10.46% from 4.97 months one year ago, indicating a somewhat slower market pace and more balanced conditions as inventory expands relative to demand.
  • The average Cumulative Days on Market (CDOM) declined to 82 days, down 17.17% from 99 days last March, while the median CDOM fell 38.16% from 76 to 47 days, suggesting that well-priced homes are moving faster even as overall inventory has grown.
  • Active listings increased 10.8% year-over-year to 174 homes from 157, while sold listings jumped 45.8% to 35 closed sales compared to 24 in March 2025, showing stronger transaction volume alongside higher pricing.

The key March 2026 real estate metrics for Prineville reflect a market that is active and improving. Higher sale prices, increased new listing activity, stronger sales volume, and shorter marketing times suggest buyers remain engaged, though the rise in absorption rate and inventory indicates sellers still need to price carefully as conditions become more balanced.

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

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