The housing market in Reform continues to see strong price appreciation, with values up 607.4% compared to last year. Home prices have increased 59.9% in the past month alone. With 9 active listings, inventory is 350% higher than seasonal norms. Properties are selling within just 66 days on average, much faster than the historical norm of 1922 days. A significant 22.2% 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 Reform market with the affordability index at 831.5. Based on current market indicators, home prices in Reform are projected to increase by approximately 8.5% over the next month.
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