The housing market in Idalou continues to see strong price appreciation, with values up 100.0% compared to last year. The median home price of $265,000 represents a substantial 100.0% increase from this time last year. With 5.0 months of supply, Idalou's inventory levels remain relatively tight. Properties are selling within just 5 days on average, much faster than the historical norm of 217 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Idalou market with the affordability index at 720.1. Based on current market indicators, home prices in Idalou are projected to decrease by approximately 11.3% over the next month.
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