January 2026 Market Report

Thoughts for Sellers

With Months of Supply hitting its lowest mark in a year, Sellers can rejoice in reduced competitive inventory on the market. Median Sales Price has stabilized around $700K and Interest Rates continue to stall in the low 6's. McGlone Property Group remains steadfast that listing your home early in 2026, anywhere between January 15th and April 15th, represents the best opportunity for Sellers to capture the best possible result. Call us today to discuss strategy and get a game plan together. 

Thoughts for Buyers

Despite the seasonal reduction in Months of Supply this Winter, Buyers can still find solace in decade-highs, which means they have more options than they have in years! Mix that with some recent Interest Rate relief landing us in the low 6's - there hasn't been a better time to Buy since late 2022. Expect inventory to drastically increase each month in 2026 through at least Mid-Summer. Give us a ring to help you curate your best Buy strategy for 2026. 

Median Sales Price

With seasonal decline at play, "still high" inventory (700+ active listings across Bend’s top three zip codes) and almost 3.5 months of supply are contributing. We experienced our usual year-end trends December: older listings withdrawn, holiday/winter markdowns, and significantly reduced new listing activity. Well-priced, well-presented homes will still attract buyers quickly amid limited fresh competition. Interest rates have dropped over the past few months and flattened out in the past several weeks.  The current drops are not enough to produce the additional buyer demand to ignite our market, so we expect to see the same basic market trends until rates change. If you are a Seller, get out early in 2026!

New Listings by Month

New Listings in December came in FLAT to last year, a continued welcome change for Sellers compared to the first half of 2025, where new listing volumes were growing at 10+ percent year over year. Supply still remains near decade highs, which may present challenges for those listing anytime soon.

Months of Supply

Months of Supply continued to follow our typical fall/winter downtrend in December, but is still sitting at roughly 10 year highs, favoring buyers. All told, we actually saw a reduction in MOS for November and December, YOY. Sellers can rejoice in reduced market competition.

Homes Pending by Month

Pending Home Sales came in FLAT for December 2025 YOY. Following our usual seasonal downtrend, and ultimately positive news for both Buyers and Sellers as we move through some stale inventory to end the year. We are expecting a solid start to Spring this January, with increased Pended Units.

Financing Affordability

The Median Monthly Payment (w/ 20% down @ average FRM) for December 2025 remained at the lowest level we've seen in 1 year, and really almost 3 years! This was due to the continued downward trend in Bend's Median Sales Price, mixed with recent rate relief, giving us roughly 3-year lows.