The housing market in Moody continues to see strong price appreciation, with values up 10.6% compared to last year. The median home price of $276,400 represents a moderate 10.6% increase from this time last year. With 2.9 months of supply, Moody's inventory levels remain relatively tight. Homes are now taking an average of 55 days to sell, significantly longer than the 36 days typical for this market. Approximately 37.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Moody market with the affordability index at 170.5. Based on current market indicators, home prices in Moody are projected to increase by approximately 5.6% over the next month.
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