The Brent housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 18.9% in the past month. With 5.0 months of supply, Brent's inventory levels remain relatively tight. Homes are now taking an average of 118 days to sell, significantly longer than the 3 days typical for this market. A significant 40.0% 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 Brent market with the affordability index at 336.1. Based on current market indicators, home prices in Brent are projected to increase by approximately 10.9% over the next month.
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