The present housing market in Coggon is down with high active listings and low sales volume. Home prices have decreased 46.9% in the past month. With 2 active listings, inventory is 100% higher than seasonal norms. Properties are selling within just 4 days on average, much faster than the historical norm of 43 days. A significant 100.0% 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 Coggon market with the affordability index at 783.7. Based on current market indicators, home prices in Coggon are projected to increase by approximately 12.1% over the next month.
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