Byers's real estate market is experiencing a price correction, with values down 21.7% from last year. Home prices have decreased 2.4% in the past month. With 5 active listings, inventory is 150% higher than seasonal norms. Homes are now taking an average of 111 days to sell, significantly longer than the 6 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Byers market with the affordability index at 2000.0. Based on current market indicators, home prices in Byers are projected to decrease by approximately 4.6% over the next month.
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