Good Hope's real estate market is currently hot with low inventory and high demand. Home prices have increased 23.0% in the past month alone. At the current pace, all available homes in Good Hope would sell out in just 1.3 months, indicating a continued supply shortage. Properties are selling within just 37 days on average, much faster than the historical norm of 294 days. A significant 60.0% 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 Good Hope market with the affordability index at 507.7. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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