With only 2.6 months of inventory, Margaret remains a seller's market. Home prices have increased 6.7% in the past month alone. With 2.6 months of supply, Margaret's inventory levels remain relatively tight. Homes are taking about 106 days to sell, which is 21 days longer than this time last year. A significant 25.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% 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 723.1. Based on current market indicators, home prices in Margaret are projected to decrease by approximately 19.5% over the next month.
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