North Spearfish's real estate market is experiencing a price correction, with values down 25.8% from last year. Home prices have decreased 56.5% in the past month. With only 3 active listings, inventory is 67% lower than typical for this time of year. Sales volume is down 33% compared to seasonal expectations. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the North Spearfish market with the affordability index at 1616.9. Looking ahead, the North Spearfish market is expected to maintain its current trajectory with relatively stable conditions.
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