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Real Estate News | May '26

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Real Estate News | May '26

 
May 2026
May Market Insights:
Stability, Strategy & Opportunity
Behind every market shift is a team here to guide you, and we’re honored to be that resource for you.
 
As we move deeper into spring, the Central Oregon market continues to show a clear and encouraging trend: stability.
 
We’re no longer in the rapid swings of past years. Instead, we’re seeing a more balanced environment where buyers are taking a thoughtful approach, sellers are positioning strategically, and opportunities are becoming more nuanced.
 
Whether you’re considering a second home, watching mortgage rates, or simply staying informed, understanding why the market is behaving the way it is can make all the difference.
 
This month, we’re highlighting a few key insights to help you stay ahead, along with a closer look at one of Sisters’ most sought-after communities.
Central Oregon’s market continues to move toward measured stability, with each area revealing its own pace of adjustment. Bend is settling into a more balanced position, with increased inventory and softer pricing year-over-year, while Redmond remains active with improved absorption and quicker movement. In Sisters, rising inventory has created more space for buyers, with longer days on market and greater opportunity for negotiation.
 
Across the region, buyers are moving with greater intention, and timing has become less about urgency and more about strategy. The result is a market that feels more thoughtful than reactive, where well-positioned homes continue to perform, and informed buyers are finding meaningful opportunities.
 
👉 Read more in our full MLS Market Summary Reports
Local Lifestyle:
Farmers Market Season Returns
Spring in Central Oregon isn’t just about real estate, it’s about lifestyle. And one of the clearest signs the season has arrived is the return of local farmers markets.
 
Farmers markets are opening across the region, bringing together local growers, artisans, and the community in a way that truly defines life here.
Here’s what to expect this season:
  • Bend Farmers Market (Downtown Bend) returns midweek with fresh produce, flowers, meats, and locally made goods
  • NorthWest Crossing Saturday Market offers a lively neighborhood feel with food vendors, crafts, and live music
  • Redmond Farmers Market brings a strong sense of community with local vendors and family-friendly events
Beyond shopping, these markets are a weekly ritual, connecting people to local food, small businesses, and the slower pace that makes Central Oregon so special.
 
Buying a Vacation Home in Central Oregon: What You Should Know
With Central Oregon continuing to attract second-home buyers, understanding the full picture is essential. From Sunriver retreats to golf course communities and mountain-view properties, the appeal goes far beyond lifestyle.
 
Whether you’re envisioning a seasonal escape or a dual-purpose investment, this guide helps you approach the decision with clarity and strategy.
 
Zillow Preview: A New Advantage for Avenir Sellers & Buyers
One of the most meaningful shifts in today’s market is happening behind the scenes—creating new opportunities for both sellers and buyers.
 
With Zillow Preview, Avenir Realty now has the ability to pre-market listings directly on Zillow, giving properties early exposure before they officially hit the open market. This added visibility allows sellers to build momentum and gives buyers a valuable early look at upcoming opportunities.
 
Discover how Zillow Preview can work to your advantage.
 
Why Mortgage Rates Move the Way They Do
Mortgage rates remain one of the biggest influences in today’s market—but the why behind them is often overlooked.
 
In this blog, we break down:
 
The key factors that drive rate changes (inflation, the Fed, and the bond market)
Why rates can shift even when headlines feel steady
How understanding these movements can help you time your purchase or refinance
What today’s rate environment means for buyers right now
 
The most successful buyers right now aren’t just reacting, they’re informed and intentional.
 
Explore more blogs on our website for a deeper perspective.
Jargon Made Simple: Underwriting
The Lender’s Final Review
 
Underwriting is the lender’s deep dive into your financial picture before your loan receives final approval.
 
During this stage, the lender reviews:
 
Income and employment
Credit history
Assets and savings
Existing debts
It’s essentially the final checkpoint before closing—confirming that everything aligns with the loan requirements.
 
While it can feel like the most detailed part of the process, underwriting is a standard and necessary step. With the right documentation and guidance, it moves smoothly—and brings you one step closer to your new home.
Neighborhood Spotlight: Aspen Lakes in Sisters, Oregon
If you’re looking for a blend of scenic beauty, golf course living, and a true Central Oregon lifestyle, Aspen Lakes continues to stand out.
 
Located just outside Sisters, this community is known for:
  • Panoramic Cascade Mountain views
  • A nationally recognized golf course with striking red cinder bunkers
  • Custom homes with spacious lots and a peaceful setting
  • Easy access to downtown Sisters, trails, and outdoor recreation
Aspen Lakes offers a lifestyle that feels both elevated and relaxed, ideal for full-time living or a second home retreat.
 
Featured Properties
Bend, OR 97703
3B | 2.5Ba | 2,757 SF | 0.61 ACRES
 
Tucked at the end of a quiet cul-de-sac on a private drive, this Bend retreat offers sweeping city views, Paulina Peak vistas, and a front-row seat to Pilot Butte's 4th of July fireworks! Designed for everyday living and effortless entertaining, the main level features vaulted ceilings, engineered hardwood floors, and a sunlit great room. The kitchen blends function and style with quartz counters, skylight, island with gas range,and breakfast bar. The vaulted primary suite includes a roomy walk-in closet and a spa-like bath with soaking tub and walk-in shower. Flexible lower level with second living space, wet bar, 2 bedrooms, and full bath, plus refinished hardwood floors-ideal for family, friends, work-from-home, or multi-gen living. Step outside to a view deck or unwind on the enclosed lower patio with hot tub hookups. With direct access to trails and parks, this home delivers the Bend lifestyle in full. Extensive upgrades: new carpet, windows, treatments, siding, roof, and HVAC.
 
Offered at $ 1,395,000
Bend, OR 97703
 
3B | 2.5Ba | 3,776SF | 66.92 AC
Offered at $2,795,000
Sisters, OR 97759
 
3B | 2.5Ba | 1,467 SF | 0.6 AC
Offered at $650,000
Sisters, OR 97759
 
2B | 2Ba | 1,004 SF | 0.06 AC
Offered at $635,000
Avenir Realty's Listings
Terrebonne, OR 97760
 
4B | 4FB | 2HB | 6,000 SF
Offered at $4,949,999
Sisters, OR 97759
Price Reduced!
3B | 3 Ba | 2,979 SF
Offered at $1,999,000
Bend, OR 97701
 
4B | 3Ba | 2,760 SF | 0.63 ACRES
Offered at $1,640,000
Bend, OR 97702
 
4B | 3.5Ba | 2,219SF | 0.11 AC
Offered at $1,285,000
Sisters, OR 97759
 
4B | 3.5Ba | 3,295 SF | 0.53 AC
Offered at $1,299,000
Sisters, OR 97759
 
3B | 2Ba | 1,822 SF | 4.79AC
Offered at $1,090,000
Bend, OR 97702
 
4B | 3.5Ba | 4,554 SF
Offered at $1,090,000
Sisters, OR 97759
Price Reduced!
3B | 2.5Ba | 1,991 SF
Offered at $799,000
Sisters, OR 97759
Price Reduced!
4B | 3Ba | 2,187SF | 0.5 AC
Offered at $780,000
Sisters, OR 97759
Back on Market!
 
3B | 2Ba | 1,770 SF | 0.76 AC
Offered at $695,000
Bend, OR 97703
Price Reduced!
3B | 2Ba | 1,080 SF | 2.26 AC
Offered at $625,000
Redmond, OR 97756
 
3B | 2Ba | 2,137 SF | 0.17 AC
Offered at $639,000
Black Butte Ranch, OR 97759
3B | 1.5Ba | 906 SF
Offered at $565,000
Terrebonne, OR 97760
 
32.57 ACRES - Land
Offered at $499,000
Sisters, OR 97759
 
B | 2Ba | 1,215 SF
Offered at $499,000
Sisters, OR 97759
 
3B | 2Ba | 1,629 SF | 0.09 AC
Offered at $475,000
Sisters, OR 97759
 
2B | 1Ba | 992 SF
Offered at $475,000
Sisters, OR 97759
(SOLD)
 
2B | 2Ba | 1,104 SF
Offered at $649,000
Bend, OR 97703
(Pending)
 
3B | 3.5Ba | 3,026 SF
Offered at $1,790,000
Sisters, OR 97759
(Pending)
3B | 2a | 2,269 SF | 1.04 AC
Offered at $1,350,000
Sisters, OR 97759
(Pending)
3B | 2Ba | 1,800 SF
Offered at $599,000
Suzanne Carvlin &
Maddie Fischer
 
473 W. Hood Ave #102
Sisters, OR 97759,
United States
(541) 595-8707
View Website
473 W. Hood Ave #102,
Sisters, OR 97759
AvenirRealtyGroup.com
(541) 595-8707
All information deemed reliable but not guaranteed. If your property is listed with a real estate broker, this is not a solicitation of brokerage services. Avenir Admin, License , Avenir Realty.
 
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473 W. Hood Ave #102,
Sisters, OR 97759