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The Ray County housing market remains active as we move into February. With 2.67 months of inventory, the number of available homes is still lower than the demand from buyers. However, inventory has increased 19.2% over the past year, signaling a gradual shift toward a more balanced market. Homes are spending a median of 47 days on the market, reflecting steady demand. The sold-to-list price ratio is 96.2%, indicating that sellers are pricing their homes competitively and buyers are willing to meet those prices. The median sold price is $187,800, providing insight into the current market value of homes in the area. As inventory levels slowly rise, buyers may find more opportunities, while sellers continue to see strong pricing. Monitoring these trends can help both buyers and sellers navigate the market effectively. Understanding local conditions is key to making informed decisions in real estate.