The present housing market in Mineral Springs is down with high active listings and low sales volume. Home prices have increased 24.6% in the past month alone. With 2.0 months of supply, Mineral Springs's inventory levels remain relatively tight. Homes are now taking an average of 96 days to sell, significantly longer than the 14 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Mineral Springs market with the affordability index at 948.4. Based on current market indicators, home prices in Mineral Springs are projected to decrease by approximately 17.6% over the next month.
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