With only 0.5 months of inventory, McLouth remains a seller's market. The median home price in McLouth currently stands at $234,275. At the current pace, all available homes in McLouth would sell out in just 0.5 months, indicating a continued supply shortage. Homes are taking about 180 days to sell, which is 0 days longer than this time last year. 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 McLouth market with the affordability index at 1171.4. Based on current market indicators, home prices in McLouth are projected to decrease by approximately 10.4% over the next month.
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