The Mulga housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 31.2% in the past month. With 6.0 months of supply, Mulga's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is NaN days longer than this time last year. A significant 50.0% 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 Mulga market with the affordability index at 425.5. Based on current market indicators, home prices in Mulga are projected to increase by approximately 3.1% over the next month.
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