Notable metrics include:
The Median Sales Price of $599,900 has dropped 11% since peaking at $675,000 in May 2022.
The number of new listings increased 46% from February and was down 24% from March 2022.
The 1.9 months’ supply of inventory in March had no change from February and was up from 1.1 one year ago.
The average Close-to-List Price Ratio in March was 98%, meaning that homes sold for about 2% less than the asking price.
Days on Market dropped slightly from February and grew year-over-year by 51 days, from 23 to 74.
Deschutes County MARKET CONDITIONS
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