The housing market in Roland continues to see strong price appreciation, with values up 78.6% compared to last year. Home prices have decreased 25.9% in the past month. With 2.5 months of supply, Roland's inventory levels remain relatively tight. Homes are now taking an average of 44 days to sell, significantly longer than the 17 days typical for this market. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Roland market with the affordability index at 246.3. Based on current market indicators, home prices in Roland are projected to increase by approximately 4.8% over the next month.
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