Citrus Park's real estate market is experiencing a price correction, with values down 10.7% from last year. Home prices have increased 2.3% in the past month alone. With 2.5 months of supply, Citrus Park's inventory levels remain relatively tight. Homes are now taking an average of 76 days to sell, significantly longer than the 49 days typical for this market. A significant 29.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Citrus Park market with the affordability index at 82.0. Based on current market indicators, home prices in Citrus Park are projected to decrease by approximately 6.6% over the next month.
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