The housing market in Fern Prairie continues to see strong price appreciation, with values up 59.4% compared to last year. Home prices have decreased 35.2% in the past month. With only 1 active listings, inventory is 80% lower than typical for this time of year. Properties are selling within just 22 days on average, much faster than the historical norm of 71 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Fern Prairie market with the affordability index at 3839.7. Based on current market indicators, home prices in Fern Prairie are projected to decrease by approximately 11.7% over the next month.