Cowarts's real estate market is experiencing a price correction, with values down 45.8% from last year. Home prices have increased 6.7% in the past month alone. With 3.0 months of supply, Cowarts's inventory levels remain relatively tight. Homes are now taking an average of 26 days to sell, significantly longer than the 7 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Cowarts market with the affordability index at 770.8. Based on current market indicators, home prices in Cowarts are projected to increase by approximately 14.5% over the next month.
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