February 2026 Market Report

Median Sales Price

Bend’s Median Home Sales Price came in down roughly 5% YOY in January. We are experiencing our usual Winter trends with reduced inventory and overall pricing; however, well-priced& well-presented homes are still attracting buyers quickly amid limited fresh competition. Interest rates have stabilized in the low 6's over the last few months. The current price and interest rate drops are not enough to produce the additional buyer demand to ignite our market significantly, so we expect to see the same basic market trends until rates change. If you are a Seller, we still advise that you get out early in2026.

New Listings by Month

New Listings in January came in DOWN 9% to last year, a continued welcome change for Sellers compared to most of 2025, where new listing volumes were growing at 10+ percent YOY. Supply still remains near decade highs, which may present challenges for those listing anytime soon. Buyers have more options than ever

Months of Supply

Months of Supply continued to follow our typical winter downtrend in January, but is still sitting at roughly 10 year highs, favoring buyers. We did see another reduction in MOS for January, coming in at just under 3 MOS -better than last year! Sellers can rejoice in reduced market competition amidst this news.

Homes Pending by Month

Pending Home Sales came in roughly UP 9% for January as we kick off our expected solid start to the Spring buying season with increased Pended Units. That, mixed with a reduction in New Listings, is keeping our Months of Supply at a reasonable number for now.

Financing Affordability

The Median Monthly Payment (w/ 20% down@ average FRM) for January2026remained at the lowest level we've seen in 1 year, and really almost 3 years, at $3,442 / mo. This was due to the continued downward trend on Bend's Median Sales Price, mixed with some recent rate relief, giving us roughly 3-year lows.