The Cottonwood housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 42.8% in the past month alone. With 3.0 months of supply, Cottonwood's inventory levels remain relatively tight. Homes are taking about 44 days to sell, which is NaN days longer than this time last year. A significant 66.7% 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 Cottonwood market with the affordability index at 1012.1. Based on current market indicators, home prices in Cottonwood are projected to decrease by approximately 23.6% over the next month.
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