The housing market in Georgetown continues to see strong price appreciation, with values up 71.2% compared to last year. Home prices have decreased 13.9% in the past month. With 20 active listings, inventory is 233% higher than seasonal norms. Properties are selling within just 11 days on average, much faster than the historical norm of 42 days. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Georgetown market with the affordability index at 1768.4. Based on current market indicators, home prices in Georgetown are projected to decrease by approximately 13.8% over the next month.
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