Shoal Creek's real estate market is currently hot with low inventory and high demand. Home prices have decreased 3.5% in the past month. With 2.2 months of supply, Shoal Creek's inventory levels remain relatively tight. Properties are selling within just 40 days on average, much faster than the historical norm of 129 days. A significant 36.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. 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 3236.3. Based on current market indicators, home prices in Shoal Creek are projected to increase by approximately 3.5% over the next month.
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