Shoal Creek's real estate market is experiencing a price correction, with values down 28.2% from last year. Home prices have increased 5.3% in the past month alone. With 4.0 months of supply, Shoal Creek's inventory levels remain relatively tight. Transaction volume is up 150% compared to what's typically expected this time of year. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Shoal Creek market with the affordability index at 3972.1. Based on current market indicators, home prices in Shoal Creek are projected to decrease by approximately 16.3% over the next month.
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