Mortgage rates remain one of the biggest obstacles facing Bend homebuyers. Freddie Mac reported that the average 30-year fixed mortgage rate was 6.71% on September 3, 2026. At the same time, 44.7% of Bend single-family home sales in August included a seller concession, with an average concession of $7,400.
Rate update — September 10, 2026: Freddie Mac reporte...
April 2026 shows a Bend real estate market that is adjusting—not collapsing. Pricing has come off noticeably from a year ago, but buyer activity remains stable and, in some areas, quietly improving. The result is a more balanced market where properly priced homes are still moving, while aspirational pricing is getting corrected.
When a home hits the market in Bend, most sellers assume the process unfolds over weeks or even months. Showings build, interest develops, and eventually the right buyer appears.
That's not how it works anymore. In today's market, the first seven days carry disproportionate weight. This is when buyers are paying the closest attention, when new inventory is evaluated, and when a home either gains momentum—or misses it.
Mortgage interest rates have finally started to ease after years of elevated borrowing costs — and this shift matters for homebuyers and sellers in Bend, Redmond, Sisters, La Pine, and all of Central Oregon. While rates aren't returning to the ultra-low historic lows of the pandemic, modest declines from the mid-6% range have improved affordability and buyer confidence this spring...