The housing market in Argo continues to see strong price appreciation, with values up 17.6% compared to last year. Home prices have decreased 14.7% in the past month. At the current pace, all available homes in Argo would sell out in just 1.6 months, indicating a continued supply shortage. Homes are taking about 37 days to sell, which is -7 days longer than this time last year. A significant 27.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Argo market with the affordability index at 604.2. Based on current market indicators, home prices in Argo are projected to decrease by approximately 6.2% over the next month.
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