Bermuda Run's real estate market is experiencing a price correction, with values down 16.4% from last year. Home prices have decreased 13.4% in the past month. With 3.1 months of supply, Bermuda Run's inventory levels remain relatively tight. Homes are taking about 36 days to sell, which is -10 days longer than this time last year. A significant 48.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 12.5% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Bermuda Run market with the affordability index at 789.5. Looking ahead, the Bermuda Run market is expected to maintain its current trajectory with relatively stable conditions.
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