Bend Oregon Real Estate Market Update – June 2026

Inventory Tightens as Buyers Continue to Drive the Market

After a spring that showed steady improvement, June reinforced the strength of the Bend real estate market. While fewer homeowners chose to list their properties compared to last year, buyers continued to purchase homes at an impressive pace. The result was lower inventory, faster sales, and rising prices across Bend's residential market. Compared to June 2025, closed sales increased nearly 17%, median home prices climbed more than 5%, and total dollar volume surged nearly 33%. Homes also sold nearly three weeks faster than they did a year ago. For buyers, competition has become more noticeable. For sellers, properly priced homes continue to attract strong interest.

June 2026 Bend Residential Market at a Glance

What Stands Out This Month?

Inventory Continued to Tighten

Active inventory fell more than 20% from last June while new listings declined over 18%. Fewer homeowners placed their homes on the market, giving buyers fewer choices than they had one year ago. Although inventory remains healthier than during the pandemic years, the supply of available homes has clearly tightened as we moved into summer.

Buyers Remained Active

Pending sales were essentially unchanged from last year, but closed sales jumped nearly 17%. This tells us many of the contracts written during late spring successfully closed during June, demonstrating that well-priced homes continue to find buyers.

Prices Continued to Rise

The median sales price increased to $727,925, up 5.1% year-over-year. Price per square foot increased even more dramatically, climbing 9.4%. Those increases suggest buyers remain willing to pay premium prices for desirable homes, particularly properties in sought-after Bend neighborhoods.

Homes Are Selling Faster

The average time from listing to closing dropped from 75 days to just 57 days. That's nearly three weeks faster than last June.This shorter timeline reflects continued buyer demand and improved pricing strategies by many sellers.

Seller Concessions Remain Common

Nearly half of all sales (46%) included some form of seller concession. However, the average concession amount declined to $7,500, down 25% from last year. This indicates sellers are still helping buyers in many transactions, but generally aren't needing to provide as much financial assistance as they did a year ago.

Strong Increase in Dollar Volume

Perhaps the biggest headline this month is total sold volume. Sales volume increased nearly 33%, reaching over $191 million. That reflects both more homes selling and higher overall values across the Bend market.

What This Means for Buyers

Although mortgage rates remain an important consideration, buyers continue entering the market. Inventory is lower than last year, meaning desirable homes can still attract multiple offers, particularly when priced competitively. Working with an experienced local Bend Premier Real Estate broker who understands neighborhood pricing and market conditions remains one of the best advantages buyers can have.

What This Means for Sellers

June's numbers continue to support well-prepared sellers. Homes that are priced appropriately and presented well are selling faster than last year while achieving nearly 97% of their original asking price. That doesn't mean every listing will sell quickly. Buyers remain selective, especially when homes are overpriced or deferred maintenance is evident. Strategic pricing and strong marketing continue to separate successful listings from those that sit on the market.

Looking Ahead

As Bend enters the second half of 2026, the market appears balanced but increasingly competitive. Inventory remains well below last year's levels while buyer demand continues to absorb available homes. If inventory stays constrained through the summer, sellers may continue to enjoy favorable market conditions while buyers should be prepared to act quickly when the right property becomes available. Overall, June reflects a healthy, active market with improving sales activity, rising prices, and continued confidence in Bend real estate.

Is it a good time to buy a home in Bend, Oregon?

Yes. While inventory has declined, buyers still have significantly more choices than during the pandemic housing shortage. Working with an experienced REALTOR® can help buyers identify opportunities and negotiate effectively.

Are Bend home prices still increasing?

Yes. June 2026 showed a 5.1% increase in median sales price and a 9.4% increase in price per square foot compared to June 2025.

How long are homes taking to sell?

Homes averaged 57 days from listing to closing in June 2026, considerably faster than the 75 days recorded one year earlier.

Are sellers still offering concessions?

Yes. Approximately 46% of closed sales included seller concessions, although the average concession amount declined to $7,500.

Is Bend currently a buyer's or seller's market?

With 2.8 months of inventory, Bend remains closer to a seller's market than a buyer's market. Buyers have opportunities, but well-priced homes continue to move quickly.

Final Thoughts

The June numbers reinforce what we've been seeing throughout the spring: Bend remains one of Oregon's strongest real estate markets. Demand continues to support higher prices while limited inventory is creating favorable conditions for sellers. Whether you're considering buying, selling, or simply keeping an eye on market trends, understanding these local statistics can help you make more informed real estate decisions.

If you're wondering what these numbers mean for your specific neighborhood or home, we'd be happy to provide a personalized market analysis.