The housing market in Satsuma continues to see strong price appreciation, with values up 11.0% compared to last year. Home prices have decreased 14.6% in the past month. With 17 active listings, inventory is 70% higher than seasonal norms. Properties are selling within just 13 days on average, much faster than the historical norm of 40 days. A significant 29.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Satsuma market with the affordability index at 370.4. Based on current market indicators, home prices in Satsuma are projected to decrease by approximately 19.8% over the next month.
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