With only 2.0 months of inventory, Schoolcraft remains a seller's market. Home prices have decreased 20.2% in the past month. With 2.0 months of supply, Schoolcraft's inventory levels remain relatively tight. Homes are taking about 28 days to sell, which is 0 days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Schoolcraft market with the affordability index at 841.6. Based on current market indicators, home prices in Schoolcraft are projected to decrease by approximately 8.8% over the next month.
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