Bend’s January 2026 Market Check
The unpredictability of 2025 appears to finally be in the rearview mirror. With mortgage rates briefly touching three year lows, many expected the market to bounce back quickly. January’s numbers for 2026 show a market that is moving, but doing so carefully. January is historically one of the slowest months of the year and early data gives us clues, not conclusions. Spring is where we typically see true momentum.
The data below is sourced from the local Flex MLS and deemed accurate but not guaranteed.
January 2025
Active Listings: 686
Closed Sales: 169
$300,000 to $649,999: 240 active | 54 sold | 4.6 months supply | 54 DOM
$650,000 to $899,999: 162 active | 55 sold | 2.8 months supply | 67 DOM
$900,000 and above: 261 active | 57 sold | 4.9 months supply | 70 DOM
Last January, the entry and luxury segments performed at fairly similar levels, while the middle price band was the most competitive with tighter supply.
January 2026
Active Listings: 633
Closed Sales: 140
$300,000 to $649,999: 200 active | 55 sold | 3.2 months supply | 55 DOM
$650,000 to $899,999: 141 active | 44 sold | 3.0 months supply | 66 DOM
$900,000 and above: 263 active | 41 sold | 5.9 months supply | 137 DOM
This January, the story has shifted with homes under $650,000 leading the market. Even with 20 percent less inventory than last year, this segment actually recorded more sales. Supply tightened to just over three months, which tells us well priced homes in this range are still attracting strong interest.
The middle segment remains active and relatively balanced, though slightly cooler than last year.
The biggest change is in the luxury market. Inventory is almost identical to January 2025, but sales dropped 28 percent. Months of supply have climbed close to six, and average days on market have nearly doubled. That is a clear signal that buyers at the higher end have more negotiating power and are taking their time.
Inventory has steadily declined from last summer’s peak of over 1,000 homes and is now at its lowest level since early 2024. Sales volume has dropped faster than inventory, which tells us buyers are being selective and thoughtful.
Luxury listings require precision. If a property starts high, it can quickly turn into a cycle of price reductions that chase the market rather than lead it. This is not a chaotic market. It is a strategic one. The homes that win are the ones that are positioned correctly from day one.
If you are thinking about buying, selling or simply trying to understand where your home fits in today’s market, let’s have a conversation about it. A smart plan, clear pricing strategy and the right timing can make all the difference in 2026. Reach out anytime!
