The housing market in Dexter continues to see strong price appreciation, with values up 36.7% compared to last year. Home prices have increased 48.4% in the past month alone. With only 1 active listings, inventory is 75% lower than typical for this time of year. Sales volume is down 50% compared to seasonal expectations. A significant 100.0% 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 Dexter market with the affordability index at 2058.5. Based on current market indicators, home prices in Dexter are projected to decrease by approximately 13.8% over the next month.
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