The housing market in Baring continues to see strong price appreciation, with values up 93.8% compared to last year. The median home price of $785,000 represents a substantial 93.8% increase from this time last year. With 3.0 months of supply, Baring's inventory levels remain relatively tight. Homes are taking about 78 days to sell, which is -15 days longer than this time last year. A significant 33.3% 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 Baring market with the affordability index at 15392.2. Based on current market indicators, home prices in Baring are projected to decrease by approximately 13.5% over the next month.