The Margaret housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 2.6% in the past month. With 3.6 months of supply, Margaret's inventory levels remain relatively tight. Homes are taking about 77 days to sell, which is -1 days longer than this time last year. A significant 21.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 42.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Margaret market with the affordability index at 676.6. Looking ahead, the Margaret market is expected to maintain its current trajectory with relatively stable conditions.
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