With only 0.5 months of inventory, Olivette remains a seller's market. Home prices have decreased 19.7% in the past month. With only 3 active listings, inventory is 57% lower than typical for this time of year. Sales volume is down 40% compared to seasonal expectations. A significant 33.3% 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 Olivette market with the affordability index at 255.3. Based on current market indicators, home prices in Olivette are projected to increase by approximately 25.9% over the next month.
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