Hegins's real estate market is experiencing a price correction, with values down 23.5% from last year. The median home price has fallen to $160,525, a significant 23.5% decrease year-over-year. With 2.0 months of supply, Hegins's inventory levels remain relatively tight. Sales volume is down 50% compared to seasonal expectations. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Hegins market with the affordability index at 594.5. Based on current market indicators, home prices in Hegins are projected to increase by approximately 11.5% over the next month.
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