The housing market in Cinco Ranch continues to see strong price appreciation, with values up 21.7% compared to last year. Home prices have increased 3.7% in the past month alone. With 17 active listings, inventory is 70% higher than seasonal norms. Homes are now taking an average of 16 days to sell, significantly longer than the 8 days typical for this market. A significant 23.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 36.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Cinco Ranch market with the affordability index at 187.0. Based on current market indicators, home prices in Cinco Ranch are projected to decrease by approximately 8.6% over the next month.
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