With only 2.0 months of inventory, Elmore remains a seller's market. The median home price in Elmore currently stands at $250,000. With 2.0 months of supply, Elmore's inventory levels remain relatively tight. Homes are taking about 95 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 Elmore market with the affordability index at 1213.6. Based on current market indicators, home prices in Elmore are projected to decrease by approximately 10.4% over the next month.
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