The Blaine housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 14.0% in the past month alone. With 51 active listings, inventory is 96% higher than seasonal norms. Homes are taking about 18 days to sell, which is -9 days longer than this time last year. A significant 25.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 45.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Blaine market with the affordability index at 1031.3. Based on current market indicators, home prices in Blaine are projected to decrease by approximately 30.7% over the next month.
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