The present housing market in Tarrant is down with high active listings and low sales volume. Home prices have increased 25.8% in the past month alone. With 6.3 months of supply, Tarrant's inventory levels remain relatively tight. Homes are now taking an average of 82 days to sell, significantly longer than the 50 days typical for this market. Only 8.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Tarrant market with the affordability index at 91.1. Based on current market indicators, home prices in Tarrant are projected to increase by approximately 5.2% over the next month.
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