Stafford's real estate market is experiencing a price correction, with values down 7.2% from last year. Home prices have decreased 16.2% in the past month. With 27 active listings, inventory is 170% higher than seasonal norms. Homes are now taking an average of 34 days to sell, significantly longer than the 10 days typical for this market. A significant 29.6% 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 Stafford market with the affordability index at 96.0. Looking ahead, the Stafford market is expected to maintain its current trajectory with relatively stable conditions.
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