Brookwood's real estate market is experiencing a price correction, with values down 10.2% from last year. Home prices have increased 91.3% in the past month alone. With 4.0 months of supply, Brookwood's inventory levels remain relatively tight. Homes are now taking an average of 55 days to sell, significantly longer than the 28 days typical for this market. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Brookwood market with the affordability index at 928.3. Based on current market indicators, home prices in Brookwood are projected to decrease by approximately 4.0% over the next month.
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