The housing market in Minor continues to see strong price appreciation, with values up 11.6% compared to last year. Home prices have decreased 9.1% in the past month. With 4 active listings, inventory is 100% higher than seasonal norms. Homes are taking about 109 days to sell, which is 36 days longer than this time last year. A significant 25.0% 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 Minor market with the affordability index at 974.4. Based on current market indicators, home prices in Minor are projected to decrease by approximately 3.8% over the next month.
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