Mulga's real estate market is experiencing a price correction, with values down 22.6% from last year. Home prices have decreased 54.3% in the past month. With 6 active listings, inventory is 200% higher than seasonal norms. Homes are taking about 55 days to sell, which is -7 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Mulga market with the affordability index at 497.1. Based on current market indicators, home prices in Mulga are projected to increase by approximately 17.4% over the next month.
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