Crystal Lake's real estate market is experiencing a price correction, with values down 7.5% from last year. Home prices have decreased 9.7% in the past month. With 2.3 months of supply, Crystal Lake's inventory levels remain relatively tight. Homes are taking about 44 days to sell, which is -1 days longer than this time last year. A significant 22.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 34.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Crystal Lake market with the affordability index at 43.1. Looking ahead, the Crystal Lake market is expected to maintain its current trajectory with relatively stable conditions.
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