With 51.0 months of inventory, Juneau is currently in a buyer's market. Home prices have increased 45.7% in the past month alone. At the current sales pace, it would take over 51.0 months to sell all available homes in Juneau, indicating an oversupplied market. Homes are taking about 114 days to sell, which is NaN days longer than this time last year. A significant 31.4% 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 Juneau market with the affordability index at 69.8. Based on current market indicators, home prices in Juneau are projected to decrease by approximately 4.4% over the next month.
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