Glenn Heights's real estate market is experiencing a price correction, with values down 9.0% from last year. Home prices have decreased 9.0% in the past month. With 3.8 months of supply, Glenn Heights's inventory levels remain relatively tight. Homes are taking about 54 days to sell, which is -22 days longer than this time last year. A significant 26.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.8% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Glenn Heights market with the affordability index at 192.5. Based on current market indicators, home prices in Glenn Heights are projected to decrease by approximately 5.0% over the next month.
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