The housing market in Carnegie continues to see strong price appreciation, with values up 19.1% compared to last year. Home prices have increased 54.4% in the past month alone. At the current pace, all available homes in Carnegie would sell out in just 1.8 months, indicating a continued supply shortage. Homes are now taking an average of 88 days to sell, significantly longer than the 43 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 40.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Carnegie market with the affordability index at 103.8. Based on current market indicators, home prices in Carnegie are projected to decrease by approximately 8.7% over the next month.
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