With only 1.5 months of inventory, Ghent remains a seller's market. Home prices have decreased 44.4% in the past month. At the current pace, all available homes in Ghent would sell out in just 1.5 months, indicating a continued supply shortage. Homes are now taking an average of 71 days to sell, significantly longer than the 15 days typical for this market. A significant 33.3% 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 Ghent market with the affordability index at 2830.2. Based on current market indicators, home prices in Ghent are projected to decrease by approximately 11.7% over the next month.