Karen Malanga

Cell: 541.390.3326

Office: 541.728.0033

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42 NW Greenwood Ave.
Bend, OR 97703

Specialties: Residential, Commercial,Small Farm and Ranch

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

"The April 2026 Deschutes County housing market reflected a more balanced and inventory-driven environment as the spring market continued to build across Central Oregon. Inventory levels increased in most areas while buyers remained selective and price sensitive. Bend saw continued price moderation to approximately $705,000, though demand remained healthy for well-positioned homes. Sisters softened to around $700,000 amid rising inventory and slower sales activity, while Redmond adjusted lower near $466,500 as affordability continued to shape buyer behavior. La Pine remained one of the region’s more attainable markets around $382,000, with elevated inventory continuing to favor buyers. Prineville also experienced modest price softening near $405,000 as homes spent longer on the market. Overall, April reflected an active but increasingly competitive market where accurate pricing and strong presentation remain essential 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 April 2026 was $645,000, representing a 6.52% decrease year-over-year from $690,000 in April 2025, signaling some moderation in pricing across Deschutes County as the market continues adjusting to higher inventory levels and more balanced buyer activity. 
    • New listings increased 6.8% year-over-year, with 727 new residential properties coming to market compared to 681 in April 2025, reflecting continued seller confidence and a stronger spring listing season throughout the county. 
    • The Absorption Rate in April 2026 measured 4.66 months, slightly down 0.64% from 4.69 months one year ago, indicating that overall market conditions remain relatively balanced between buyers and sellers despite the increase in available inventory. 
    • The average Cumulative Days on Market (CDOM) declined to 66 days, down 22.35% from 85 days last April, while the median CDOM dropped 48.39% from 31 to 16 days, suggesting that properly priced homes are continuing to attract buyers quickly even as consumers have more choices available. 
    • Active listings increased 0.9% year-over-year to 1,628 homes from 1,614, while sold listings declined 7.2% to 324 closed sales compared to 349 in April 2025, indicating slightly softer transaction volume despite improved marketing times and steady inventory growth. 
    • Average sale prices also softened modestly, declining 3.24% year-over-year to $854,353 from $882,934, while the average active list price rose 1.78% to $947,494, highlighting continued pricing gaps between seller expectations and completed transactions in portions of the market.

The key April 2026 real estate metrics for Deschutes County reflect a market that remains healthy and active, though increasingly balanced. Faster marketing times, rising new listing activity, and stable absorption levels point to continued buyer engagement, while softer pricing trends and lower closed sales volume suggest buyers are becoming more selective as inventory options expand.

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

  • The Median Sales Price in April 2026 was $705,000, representing a 12.66% decrease year-over-year from $807,200 in April 2025, reflecting continued price normalization in the Bend market following several years of elevated appreciation and shifting buyer affordability dynamics. 
  • New listings increased slightly by 0.8% year-over-year, with 403 new residential properties coming to market compared to 400 in April 2025, indicating that seller activity remains relatively stable entering the spring selling season. 
  • The Absorption Rate in April 2026 measured 3.97 months, down 14.25% from 4.63 months one year ago, signaling that market conditions in Bend have become somewhat more competitive as inventory levels tightened relative to buyer demand. 
  • The average Cumulative Days on Market (CDOM) declined significantly to 57 days, down 29.63% from 81 days last April, while the median CDOM dropped 53.57% from 28 to just 13 days, demonstrating that well-positioned and properly priced homes are selling much more quickly despite softer overall pricing trends. 
  • Active listings decreased 7.2% year-over-year to 847 homes from 913, while sold listings slipped modestly by 2.4% to 204 closed sales compared to 209 in April 2025, showing that overall transaction activity remains relatively resilient even as the market adjusts to changing pricing expectations. 
  • Average sale prices also softened, declining 10.17% year-over-year to $929,866 from $1,035,173, while the average active list price increased 4.08% to $1,135,615, highlighting an ongoing gap between seller pricing expectations and actual market-clearing values in higher price segments.

The key April 2026 real estate metrics for Bend reflect a market that remains active but increasingly price-sensitive. Faster marketing times, lower absorption rates, and stable pending activity indicate buyers are still engaged, though softer pricing trends and reduced inventory suggest the market is continuing its transition toward more balanced and sustainable conditions.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

  • The Median Sales Price in April 2026 was $700,000, representing a 12.5% decrease year-over-year from $800,000 in April 2025, reflecting continued pricing adjustments in the Sisters market as buyers remain cautious amid higher inventory levels and luxury market volatility. 
  • New listings increased 39.5% year-over-year, with 53 new residential properties coming to market compared to 38 in April 2025, signaling a substantial rise in seller activity and a notable expansion in available inventory entering the spring market. 
  • The Absorption Rate in April 2026 measured 7.57 months, up 43.92% from 5.26 months one year ago, indicating a significantly slower market pace and increasingly buyer-favorable conditions as inventory growth continues to outpace sales activity. 
  • The average Cumulative Days on Market (CDOM) declined sharply to 62 days, down 44.14% from 111 days last April, while the median CDOM dropped 82.54% from 63 to just 11 days, suggesting that well-priced homes are still attracting motivated buyers quickly despite softer overall market conditions. 
  • Active listings increased 26.9% year-over-year to 118 homes from 93, while sold listings declined 31.6% to 13 closed sales compared to 19 in April 2025, illustrating the widening gap between available inventory and completed buyer demand. 
  • Average sale prices rose dramatically by 78.68% year-over-year to $1,915,692 from $1,072,111, though this increase appears heavily influenced by a small number of high-end luxury sales, including transactions above $5 million, rather than broad-based appreciation across the overall market. Median sale prices, which better reflect the typical transaction, moved lower year-over-year.

The key April 2026 real estate metrics for Sisters reflect a market that is becoming increasingly balanced and inventory-driven. Rising listing activity, elevated absorption rates, and declining median pricing point toward greater negotiating power for buyers, while significantly improved marketing times suggest that competitively priced homes continue to generate strong interest when aligned with current market expectations.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

  • The Median Sales Price in April 2026 was $466,500, representing a 14.93% decrease year-over-year from $548,395 in April 2025, reflecting notable price softening in the Redmond market as buyers continue to prioritize affordability and negotiate more aggressively. 
  • New listings increased 21.1% year-over-year, with 161 new residential properties coming to market compared to 133 in April 2025, indicating a meaningful rise in seller activity and a larger supply of homes available to buyers this spring. 
  • The Absorption Rate in April 2026 measured 4.4 months, up 18.28% from 3.72 months one year ago, signaling a slower-paced and more balanced market as inventory growth has begun to outpace closed sales activity. 
  • The average Cumulative Days on Market (CDOM) declined to 65 days, down 19.75% from 81 days last April, while the median CDOM dropped 48.28% from 29 to 15 days, suggesting that homes priced appropriately for current market conditions are still attracting buyers relatively quickly despite softer pricing trends. 
  • Active listings increased 6.4% year-over-year to 334 homes from 314, while sold listings declined 15.0% to 68 closed sales compared to 80 in April 2025, indicating reduced transaction volume even as inventory levels continue to build. 
  • Average sale prices declined 9.26% year-over-year to $541,916 from $597,213, while the average active list price rose slightly by 0.95% to $611,616, reflecting continued pricing adjustments between seller expectations and actual buyer purchasing power. 
  • Buyer activity remained strongest in the entry-level and mid-market price ranges between $350,000 and $550,000, where pending and sold activity continued to outperform many higher price brackets, reinforcing Redmond’s ongoing appeal as a comparatively affordable option within Central Oregon.

The key April 2026 real estate metrics for Redmond reflect a market transitioning toward more balanced conditions. Increased inventory, slower sales volume, and softer prices indicate greater leverage for buyers, while improving marketing times and steady pending activity suggest demand remains present for competitively priced homes.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

  • The Median Sales Price in April 2026 was $382,400, representing a 14.05% decrease year-over-year from $444,900 in April 2025, reflecting continued affordability-driven price adjustments in the La Pine market as buyers remain highly price sensitive. 
  • New listings increased 14.3% year-over-year, with 72 new residential properties coming to market compared to 63 in April 2025, indicating a continued rise in seller activity and expanding inventory throughout the market. 
  • The Absorption Rate in April 2026 measured 7.89 months, up 23.67% from 6.38 months one year ago, signaling a slower-paced market with increasingly buyer-favorable conditions as supply continues to outpace closed sales activity. 
  • The average Cumulative Days on Market (CDOM) declined to 92 days, down 37.41% from 147 days last April, while the median CDOM fell significantly from 111 days to 35 days, a 68.47% improvement year-over-year, suggesting that well-priced homes are attracting buyers more quickly despite softer overall market conditions. 
  • Active listings increased 11.4% year-over-year to 196 homes from 176, while sold listings remained flat at 23 closed sales compared to April 2025, illustrating a market where inventory growth is continuing without a corresponding increase in completed transactions. 
  • Average sale prices declined 8.14% year-over-year to $418,561 from $455,659, while the average active list price rose substantially by 22.61% to $645,791, highlighting a widening gap between seller expectations and the pricing levels buyers are currently willing to support.

The key April 2026 real estate metrics for La Pine reflect a market that is becoming increasingly balanced and inventory-heavy. Rising supply, elevated absorption rates, and lower median pricing indicate greater negotiating leverage for buyers, while improving marketing times demonstrate that competitively priced homes continue to generate steady buyer interest.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

  • The Median Sales Price in April 2026 was $404,900, representing a 6.91% decrease year-over-year from $434,950 in April 2025, reflecting modest price softening in the Prineville market as buyers continue to navigate higher inventory levels and more selective purchasing conditions. 
  • New listings declined slightly by 4.2% year-over-year, with 68 new residential properties coming to market compared to 71 in April 2025, though overall listing activity remains relatively healthy for the season. 
  • The Absorption Rate in April 2026 measured 6.26 months, up 18.79% from 5.27 months one year ago, indicating increasingly balanced market conditions and a slower overall pace as available inventory continues to rise relative to sales volume. 
  • The average Cumulative Days on Market (CDOM) increased significantly to 157 days, up 89.16% from 83 days last April, while the median CDOM rose 93.33% from 45 to 87 days, signaling that homes are generally taking considerably longer to sell compared to one year ago. 
  • Active listings increased 25.9% year-over-year to 204 homes from 162, while sold listings declined 8.8% to 31 closed sales compared to 34 in April 2025, reflecting growing supply alongside softer transaction activity. 
  • Average sale prices declined 6.01% year-over-year to $435,300 from $463,135, while the average active list price slipped only modestly by 2.84% to $617,687, suggesting sellers are still adjusting pricing expectations to align with current buyer demand.

The key April 2026 real estate metrics for Prineville reflect a market that is transitioning toward more buyer-friendly conditions. Increased inventory, rising absorption rates, declining sale prices, and substantially longer marketing times indicate a slower and more competitive environment for sellers, while steady pending activity suggests motivated buyers remain active when homes are priced appropriately for the current market.

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

Additional Resources