Central Oregon Market Report: July 2026

Central Oregon just did something it has not done in the eight years of our data: it entered a summer as a buyer's market. Supply reached 6.0 months at the end of June, and yet 436 homes closed, up 10.4% from last year. More selling and more supply at once. Here is how that works, and what it means for each town.

The June numbers, region-wide

• Median sale price: $653,000, up 2.0% from $640,000 in June 2025
• Homes sold: 436, up 10.4% from 395 a year earlier
• Median days on market: 22, from 21 last June
• Median price per square foot: $367, up 3.7% from $354
• Average sale-to-list ratio: 96.4%
• Cash purchases: 28.2% of closings
• Active listings at June 30: 1,722, up 4.6% from 1,646 a year ago

Single-family homes across the Central Oregon cities we track, pulled from our live MLS database and verified July 9, 2026.

Eight Junes of supply

Months of supply, measured the same way at the end of every June since 2019: 4.1 in 2019, 2.0 in 2020, 0.9 in 2021, 2.0 in 2022, 3.1 in 2023, 3.9 in 2024, 5.1 in 2025, and 6.0 now. From the 2021 floor, supply has rebuilt for five straight years, and this June's reading is the highest in the series. Six months is the standard line where a market starts favoring buyers.

One region, four different markets

The regional number hides the spread. Redmond sits at 3.9 months of supply, still on the seller's side of the line. Bend reads 4.2, balanced. Sisters and Prineville hold the middle at 5.9 and 5.4. Sunriver at 8.2, Madras at 7.9, and La Pine at 7.0 are firmly in buyer's territory. Where you stand in a negotiation depends on which of these markets you are standing in, not on the regional headline.

What it means

For sellers, the 10.4% rise in closed sales says the buyers are there, but 11.7% of the region's active listings have already cut their price and 63.2% of recent closings finished under asking. Inventory also built over the last 30 days, with 523 new listings against 403 sales. Pricing to the comps beats waiting for the spring premium that already came and went. For buyers, this is the most selection Central Oregon has offered in a summer since before the pandemic, and the median active listing has been sitting 63 days. Patience has stopped being expensive.

The bottom line

The region tipped, town by town, at different speeds. If you want to know what your home would bring in your specific market, request a valuation and we will run the comps. Follow the numbers as they move on the live Central Oregon dashboard.