The present housing market in Dike is down with high active listings and low sales volume. Home prices have decreased 15.2% in the past month. With 5 active listings, inventory is 400% higher than seasonal norms. Homes are now taking an average of 78 days to sell, significantly longer than the 5 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Dike market with the affordability index at 1675.6. Based on current market indicators, home prices in Dike are projected to decrease by approximately 7.3% over the next month.
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