The housing market in Greenwood continues to see strong price appreciation, with values up 18.0% compared to last year. Home prices have decreased 9.9% in the past month. With 2.0 months of supply, Greenwood's inventory levels remain relatively tight. Homes are taking about 28 days to sell, which is 2 days longer than this time last year. A significant 25.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 12.7% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Greenwood market with the affordability index at 25.7. Looking ahead, the Greenwood market is expected to maintain its current trajectory with relatively stable conditions.
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