With only 2.3 months of inventory, Pecan Grove remains a seller's market. Home prices have increased 6.1% in the past month alone. With 2.3 months of supply, Pecan Grove's inventory levels remain relatively tight. Homes are now taking an average of 61 days to sell, significantly longer than the 16 days typical for this market. A significant 26.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 7.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Pecan Grove market with the affordability index at 120.5. Based on current market indicators, home prices in Pecan Grove are projected to decrease by approximately 11.3% over the next month.
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