With only 2.6 months of inventory, Jersey Village remains a seller's market. Home prices have increased 19.1% in the past month alone. With 2.6 months of supply, Jersey Village's inventory levels remain relatively tight. Homes are taking about 39 days to sell, which is 13 days longer than this time last year. A significant 23.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Jersey Village market with the affordability index at 233.8. Based on current market indicators, home prices in Jersey Village are projected to decrease by approximately 4.4% over the next month.
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