The present housing market in Old Bethpage is down with high active listings and low sales volume. Home prices have increased 98.9% in the past month alone. With 7 active listings, inventory is 75% higher than seasonal norms. Sales volume is down 50% compared to seasonal expectations. A significant 28.6% 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 Old Bethpage market with the affordability index at 1827.1. Based on current market indicators, home prices in Old Bethpage are projected to decrease by approximately 13.8% over the next month.
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