With 6.2 months of inventory, Laredo is currently in a buyer's market. Home prices have increased 3.2% in the past month alone. With 6.2 months of supply, Laredo's inventory levels remain relatively tight. Homes are now taking an average of 59 days to sell, significantly longer than the 38 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Laredo market with the affordability index at 7.2. Based on current market indicators, home prices in Laredo are projected to decrease by approximately 20.2% over the next month.