Rehobeth's real estate market is experiencing a price correction, with values down 57.6% from last year. Home prices have decreased 62.5% in the past month. With 7.0 months of supply, Rehobeth's inventory levels remain relatively tight. Homes are now taking an average of 304 days to sell, significantly longer than the 39 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Rehobeth market with the affordability index at 659.4. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
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