Notable metrics include:
The Median Sales Price of $593,000 has dropped 12.1% since peaking at $675,000 in May.
The number of new listings increased 29% from January and was down 38% from February 2022.
The 1.8 months’ supply of inventory in February had no change from January and was up from .9 one year ago.
The average Close-to-List Price Ratio in February was 97.9%, meaning that homes sold for about 2% less than the asking price.
Days on Market grew year-over-year by 47 days, from 31 to 78.
Deschutes County MARKET CONDITIONS
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