With only 1.4 months of inventory, Denair remains a seller's market. Home prices have decreased 14.5% in the past month. With 7 active listings, inventory is 75% higher than seasonal norms. Properties are selling within just 12 days on average, much faster than the historical norm of 33 days. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (60.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Denair market with the affordability index at 593.2. Based on current market indicators, home prices in Denair are projected to decrease by approximately 5.9% over the next month.
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