Norton's real estate market is currently hot with low inventory and high demand. Home prices have increased 27.1% in the past month alone. At the current pace, all available homes in Norton would sell out in just 0.7 months, indicating a continued supply shortage. Properties are selling within just 21 days on average, much faster than the historical norm of 51 days. A significant 44.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (53.8%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Norton market with the affordability index at 121.4. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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