Granite Falls's real estate market is experiencing a price correction, with values down 36.1% from last year. Home prices have decreased 22.6% in the past month. With 2.5 months of supply, Granite Falls's inventory levels remain relatively tight. Homes are now taking an average of 76 days to sell, significantly longer than the 41 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Granite Falls market with the affordability index at 249.2. Looking ahead, the Granite Falls market is expected to maintain its current trajectory with relatively stable conditions.
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