Locust Fork's real estate market is experiencing a price correction, with values down 13.9% from last year. The median home price has fallen to $224,750, a significant 13.9% decrease year-over-year. With 3 active listings, inventory is 200% higher than seasonal norms. Homes are now taking an average of 64 days to sell, significantly longer than the 33 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Locust Fork market with the affordability index at 743.0. Based on current market indicators, home prices in Locust Fork are projected to decrease by approximately 4.0% over the next month.
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