Notable metrics include:
The Median Sales Price of $569,995 has dropped 15.6% since peaking at $675,000 in May.
The number of new listings increased 43.6% from December and was down 36% from January 2022.
The 1.8 months’ supply of inventory in January was down from 2.1 in December and up from .7 one year ago.
The average Close-to-List Price Ratio in December was 97.4%, meaning that homes sold for 3% less than the asking price.
Days on Market grew year-over-year by 30 days, from 40 to 70.
Deschutes County MARKET CONDITIONS
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