The present housing market in St. Joseph is down with high active listings and low sales volume. Home prices have decreased 9.1% in the past month. With 2.5 months of supply, St. Joseph's inventory levels remain relatively tight. Sales volume is down 33% compared to seasonal expectations. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the St. Joseph market with the affordability index at 363.3. Based on current market indicators, home prices in St. Joseph are projected to decrease by approximately 4.4% over the next month.
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