Reedsport market.

Prices are down 8.4% on the same period last year.

This is a patient market. At 72 days sellers are negotiating and buyers have time to do diligence properly — inspections, well, septic — without losing the house. It has slowed noticeably — a year ago the same figure was 50 days.

13 homes sold in the month — enough to be meaningful, few enough that the mix of what sold still moves the median.

A median is the middle of what sold — not a valuation of any particular house. Two properties on the same street can sit either side of it for reasons a median cannot see: acreage, water, septic, outbuildings, condition. If you want to know what a specific place is worth, that takes comparables, and I will run them.