With 7.0 months of inventory, Brent is currently in a buyer's market. Home prices have decreased 42.8% in the past month. With 7.0 months of supply, Brent's inventory levels remain relatively tight. Properties are selling within just 121 days on average, much faster than the historical norm of 667 days. A significant 28.6% 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 278.1. Looking ahead, the Brent market is expected to maintain its current trajectory with relatively stable conditions.
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