With only 1.0 months of inventory, Our Town remains a seller's market. The median home price in Our Town currently stands at $2,360,000. At the current pace, all available homes in Our Town would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 48 days to sell, which is NaN days longer than this time last year. A significant 100.0% 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 Our Town market with the affordability index at 36168.6. Based on current market indicators, home prices in Our Town are projected to decrease by approximately 12.8% over the next month.
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