With only 1.4 months of inventory, Catonsville remains a seller's market. Home prices have increased 7.8% in the past month alone. With 71 active listings, inventory is 51% higher than seasonal norms. Homes are now taking an average of 19 days to sell, significantly longer than the 10 days typical for this market. A significant 32.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (64.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Catonsville market with the affordability index at 78.9. Based on current market indicators, home prices in Catonsville are projected to increase by approximately 8.2% over the next month.
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