The housing market in Garwood continues to see strong price appreciation, with values up 30.1% compared to last year. The median home price of $920,000 represents a substantial 30.1% increase from this time last year. At the current pace, all available homes in Garwood would sell out in just 0.3 months, indicating a continued supply shortage. Homes are now taking an average of 43 days to sell, significantly longer than the 18 days typical for this market. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Garwood market with the affordability index at 1308.7. Based on current market indicators, home prices in Garwood are projected to decrease by approximately 35.3% over the next month.