With only 0.5 months of inventory, Colwich remains a seller's market. Home prices have increased 44.4% in the past month alone. At the current pace, all available homes in Colwich would sell out in just 0.5 months, indicating a continued supply shortage. Homes are now taking an average of 32 days to sell, significantly longer than the 16 days typical for this market. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Colwich market with the affordability index at 1228.6. Based on current market indicators, home prices in Colwich are projected to decrease by approximately 8.2% over the next month.
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