Meadow Lakes's real estate market is experiencing a price correction, with values down 26.1% from last year. Home prices have decreased 20.3% in the past month. With 2.7 months of supply, Meadow Lakes's inventory levels remain relatively tight. Homes are taking about 28 days to sell, which is -2 days longer than this time last year. Approximately 36.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Meadow Lakes market with the affordability index at 352.7. Looking ahead, the Meadow Lakes market is expected to maintain its current trajectory with relatively stable conditions.
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