The Eclectic housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 4.8% in the past month. With 11 active listings, inventory is 120% higher than seasonal norms. Homes are taking about 46 days to sell, which is -42 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Eclectic market with the affordability index at 2116.4. Based on current market indicators, home prices in Eclectic are projected to decrease by approximately 20.8% over the next month.
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