MARKET UPDATE • BEND
Pictured Above: Sunset from the parkway in Bend, Oregon
“Before you make up your mind about buying or selling in Bend, let’s make sure we’ve looked at all the facts. Here is a look at whats happening in the Bend Real Estate market right now, February 28, 2026.”
The Waiting Game:
Everyone's asking the same question right now - should I wait or should I move? Bend's market is whispering contradictory messages: opportunity for some, caution for others. Local broker Justin Scott cuts through the noise to reveal what's really happening in Central Oregon and why your next move matters more than your timing.
Selling Your Home in This Market
FACTS FOR SELLERS ✅ You've still got a slight edge in Bend, but with 66 days on market and 33% your competition dropping prices, nail your pricing strategy from day one or risk joining the discount crowd in a sea of 496 listings in Bend. Historically, January and February are our lowest inventory months. By the end of March, I’d expect 3+ months of inventory, which would likely increase competition among sellers.
BRUTALLY HONEST FOR SELLERS ‼️ You're entering a tired and empty arena where most of your competition has already blinked and dropped prices. There has also been a serious market correction in market pricing over the previous two years. Unless you need to sell now, wait. If it’s time to make a change, list now, sooner than later is better, spring historically brings hungrier buyers and thinner March inventory. Buyers in April and May will have more choices. Unless you have something special to sell, you don’t want to be competing against the other two homes for sale on your block. Time is your friend here.
Buying a Home in This Market
FACTS FOR BUYERS ✅ Bend's buyer-friendly buffet: 496 homes to choose from, most already price-dropped, and sellers sitting for 66 days, strong negotiating, a $600k-$900k+ budget, and competition still lurks on well-priced homes. New listings are seeing multiple offers and lower days-on-market. 42 homes went pending in the last seven days. 182 homes went pending in the last thirty days.
BRUTALLY HONEST FOR BUYERS ‼️ 496 homes, 66 days on market, 33% already discounted ➡️ the first wave of new Spring inventory has arrived, this market is begging you buy something. Let tired sellers sweat through Spring while you watch newly listed, well-priced homes flood onto the market. Be ready to buy the one you like when you see it, because there will likely be half a dozen other people who want the same house. Multiple offer situations are back, and that new suitability clause is being left on the shelf, out of serious offers. Prices drop, and desperation rises.
JUSTIN + REALTOR® IN BEND
“The good news is that I'm ready to help. Let's talk if you, or someone you know, is planning to make a move this Spring or Summer. Golf course conversations packed with sunshine are preferred.”
Why Your Next Move Matters More Than Your Timing
The truth most agents won't tell you: perfect timing is a myth we chase while opportunities slip away.
Whether you're buying or selling in Bend right now, the how will always outweigh the when.
Buyers who wait for rock-bottom deals or rates often miss the home they have their eye on. Sellers who wait for peak market conditions often end up competing with a dozen other spring listings in their neighborhood, all fighting for the same buyer pool.
Your next move matters because it's built on strategy, not speculation. It's about pricing right from day one, negotiating with confidence, understanding inspection issues before they derail deals, and knowing which properties will hold value in Central Oregon's market. It's about having someone in your corner who lives here, works hard, and knows the local housing market.
The market will do what it does.
Your move, STRATEGIC, INFORMED, and ALIGNED with your life, is what changes everything.
Ready to make your move?
Let's talk strategy, not timing.
Call or text me (541) 797-9939
Justin Scott
REALTOR® in Bend, Oregon
Varsity Real Estate
I have a handful of Sunriver SHARC passes available for you. If you’d like a few shoot me a text or give me a call.
Sunriver SHARC Calendar - click here
Do you know someone who is thinking about buying or selling in Central Oregon?
I’d love an introduction. My business is built on referrals, friendships, and word of mouth. Thank you for telling them about me. As always, if you’d like to hit the mountain for some powder laps, or the indoor range for a practice session, give me a call and we’ll make it happen!
❤️
Justin Scott
(541) 797 - 9939
Justin@varsityoregon.com
Pictured Below: Left image: My right foot Airmax 90 raised I head back to the clubhouse after a productive range session. If you’re looking for a nice range session playlist, check out my friend Jain’s Range Sessions Spotify Playlist - click here or click the middle image below. Far right: Tetherow Owl located just off Kidd Corner.
