The number of homes listed on the market in Josephine County has continued to drop with 479 homes listed in February which is causing a stabilizing effect on median home prices.

Grants Pass Association of Realtors President Penny Mueller says the drop in homes listed for sale is creating a balanced market. A year prior 618 homes were on the market and in February 2011 763 homes were for sale.

The median home sales price in February was $179,900 which had gradually increased over the previous year from $145,000.

The average home sales price increased as well from approximately $168,000 in February 2012 to roughly $212,000 last month.