The present housing market in Meadowbrook is down with high active listings and low sales volume. Home prices have increased 5.8% in the past month alone. With 10 active listings, inventory is 67% higher than seasonal norms. Properties are selling within just 34 days on average, much faster than the historical norm of 129 days. A significant 30.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Meadowbrook market with the affordability index at 220.2. Based on current market indicators, home prices in Meadowbrook are projected to increase by approximately 99.7% over the next month.
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