March 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

Bend’s Median Home Sales Price ticked up slightly in February from January, landing in the low $700,000s. While pricing remains below the stronger spring and summer peaks of recent years, the market appears to be holding relatively steady as we head toward the spring season. Well-priced, well-presented homes are still standing out, but broader demand remains sensitive to affordability and interest rates. Current geopolitical issues and negative economic news of the past week could start to push prices down if we see rates stay above 6%.

New Listings by Month

New Listings increased notably year-over-year, rising to 300. Activity still appears moderate by historical spring standards. As more sellers prepare for the seasonal market shift, March & April will be important to watch for a stronger influx of competition. If this trend continues, we could be well over 6 months by this summer.

Months of Supply

Months of Supply remained near 3 months in Feb, showing little change from Jan. While that is still more favorable to buyers than the ultra-tight conditions of prior years, it is well below our peak annual supply levels. For now, the market looks more balanced with neither side holding a dramatic advantage.

Homes Pending by Month

Pending Home Sales showed a modest increase in February, rising slightly from January and suggesting early spring buyer activity is beginning to build. The improvement is encouraging, though buyer demand still looks measured rather than aggressive. New listing activity is moderately outpacing pending sales. If this trend continues, expect to see weakness in the market by late spring, similar to what we saw in 2025.

Financing Affordability

The Median Monthly Payment remained near recent lows in February, sitting around the low-to-mid $3,000s per month as mortgage rates hovered near 6%. Compared to the higher payment levels seen through much of 2024 and 2025, affordability has improved modestly, even if it remains a challenge for many buyers. Any further rate relief would likely have an outsized impact on spring demand.