With only 1.0 months of inventory, Cherokee remains a seller's market. Home prices have increased 595.9% in the past month alone. At the current pace, all available homes in Cherokee would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 216 days to sell, which is NaN days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Cherokee market with the affordability index at 2015.7. Based on current market indicators, home prices in Cherokee are projected to decrease by approximately 14.7% over the next month.
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