With only 2.1 months of inventory, Ferris remains a seller's market. Home prices have decreased 11.7% in the past month. With 2.1 months of supply, Ferris's inventory levels remain relatively tight. Homes are taking about 130 days to sell, which is 40 days longer than this time last year. A significant 28.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ferris market with the affordability index at 627.6. Based on current market indicators, home prices in Ferris are projected to decrease by approximately 13.7% over the next month.