Is the Bend Oregon Housing Market Crashing? | May 2026 Update

Is the Bend Oregon housing market finally crashing in 2026? With national mortgage rates bouncing back up to 6.4%, geopolitical inflation, and mixed data hitting the high desert, the real estate market right now feels like an exposed nerve. In this video, John Kromm breaks down the brand-new May 2026 Beacon Report to show you exactly what is happening on the ground in Bend, Redmond, and Central Oregon. While the national headlines love to use words like "bloodbath" and "crash," the real story is much more nuanced. We are currently witnessing a massive "two-tier" market paradox. In Bend, homes that are priced correctly are triggering multiple offers and flying off the market in just 13 days. Meanwhile, stubborn sellers are getting hit with a massive "Equity Loss Tax," sitting on the market for over 80 days and losing $50,000 to $110,000 just by overpricing their homes. We also look at the massive "Hub City Flip" happening in Redmond, Oregon, where entry-level home sales under $450k have surged by 41%, turning Redmond into the ultimate affordability sanctuary of the region. Whether you're planning on moving to Bend, relocating to Central Oregon, or trying to navigate selling your home in this sensitive market, my team and I would love to be your local real estate resource of choice. We don't just blow smoke or look at generic national news—we track the internal hyper-local numbers you need to protect your equity. ______________________________ Enjoying this video? Be sure to like, subscribe, AND... share the crap outta these videos! :)~ CLICK here to Subscribe to our Monthly Newsletter https://krommrealestate.com/d8raqklq --------------Lets connect--------------- John & Shannon Kromm Kromm Real Estate Team @ Real Broker [email protected] Check us out on Social   / krommrealestate     / krommrealestate   See our website for blogs and to search properties: www.krommrealestate.com #krommrealestate #bendoregon #inbend