With only 1.5 months of inventory, McMurray remains a seller's market. Home prices have increased 10.6% in the past month alone. At the current pace, all available homes in McMurray would sell out in just 1.5 months, indicating a continued supply shortage. Transaction volume is up 60% compared to what's typically expected this time of year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (62.5%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the McMurray market with the affordability index at 1366.6. Based on current market indicators, home prices in McMurray are projected to decrease by approximately 21.8% over the next month.
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