With only 1.3 months of inventory, Howard remains a seller's market. The median home price in Howard currently stands at $389,900. At the current pace, all available homes in Howard would sell out in just 1.3 months, indicating a continued supply shortage. Homes are now taking an average of 81 days to sell, significantly longer than the 46 days typical for this market. Only 2.9% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 37.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Howard market with the affordability index at 92.3. Based on current market indicators, home prices in Howard are projected to decrease by approximately 3.4% over the next month.
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