We saw a 20% reduction in inventory with pending sales and homes sold decreasing by 13% and 24%, respectively, attributed to high mortgage interest rates. Despite some uncertainty, Bend home values experienced a 1% increase in the average sales price ($887,309), with a slight decrease in the median price (2%). New construction represented a positive trend, accounting for 28% of listings and 22% of sales, with an median sales price of $740,000.