With only 2.1 months of inventory, Caledonia remains a seller's market. Home prices have decreased 3.7% in the past month. With 2.1 months of supply, Caledonia's inventory levels remain relatively tight. Homes are taking about 50 days to sell, which is -2 days longer than this time last year. Only 7.1% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Caledonia market with the affordability index at 76.5. Based on current market indicators, home prices in Caledonia are projected to decrease by approximately 5.6% over the next month.
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