With only 2.7 months of inventory, Owens Cross Roads remains a seller's market. Home prices have decreased 4.0% in the past month. With 2.7 months of supply, Owens Cross Roads's inventory levels remain relatively tight. Homes are now taking an average of 96 days to sell, significantly longer than the 35 days typical for this market. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Owens Cross Roads market with the affordability index at 987.4. Based on current market indicators, home prices in Owens Cross Roads are projected to increase by approximately 10.8% over the next month.
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