The housing market in Ridge Manor continues to see strong price appreciation, with values up 27.6% compared to last year. Home prices have increased 14.0% in the past month alone. With 3.4 months of supply, Ridge Manor's inventory levels remain relatively tight. Homes are taking about 27 days to sell, which is 8 days longer than this time last year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ridge Manor market with the affordability index at 279.2. Looking ahead, the Ridge Manor market is expected to maintain its current trajectory with relatively stable conditions.
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