Jamesburg's real estate market is experiencing a price correction, with values down 8.9% from last year. Home prices have decreased 6.8% in the past month. At the current pace, all available homes in Jamesburg would sell out in just 0.6 months, indicating a continued supply shortage. Transaction volume is up 500% compared to what's typically expected this time of year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (83.3%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Jamesburg market with the affordability index at 385.9. Based on current market indicators, home prices in Jamesburg are projected to decrease by approximately 5.3% over the next month.
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