With only 2.0 months of inventory, Edgewater remains a seller's market. Home prices have decreased 15.7% in the past month. With 2.0 months of supply, Edgewater's inventory levels remain relatively tight. Homes are taking about 53 days to sell, which is NaN days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Edgewater market with the affordability index at 894.9. Looking ahead, the Edgewater market is expected to maintain its current trajectory with relatively stable conditions.
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