The housing market in Fort Dodge continues to see strong price appreciation, with values up 13.7% compared to last year. Home prices have decreased 51.3% in the past month. With 8 active listings, inventory is 60% higher than seasonal norms. Properties are selling within just 4 days on average, much faster than the historical norm of 40 days. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Fort Dodge market with the affordability index at 20.9. Based on current market indicators, home prices in Fort Dodge are projected to decrease by approximately 3.9% over the next month.
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