Argo's real estate market is experiencing a price correction, with values down 22.6% from last year. Home prices have decreased 42.6% in the past month. With 5.3 months of supply, Argo's inventory levels remain relatively tight. Properties are selling within just 25 days on average, much faster than the historical norm of 86 days. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% 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 475.3. Looking ahead, the Argo market is expected to maintain its current trajectory with relatively stable conditions.
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