Rich Hill's real estate market is experiencing a price correction, with values down 38.3% from last year. Home prices have decreased 50.3% in the past month. With 3.0 months of supply, Rich Hill's inventory levels remain relatively tight. Homes are now taking an average of 21 days to sell, significantly longer than the 10 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Rich Hill market with the affordability index at 347.1. Based on current market indicators, home prices in Rich Hill are projected to increase by approximately 17.2% over the next month.
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