Tarrant's real estate market is experiencing a price correction, with values down 35.8% from last year. Home prices have increased 52.9% in the past month alone. With 5.5 months of supply, Tarrant's inventory levels remain relatively tight. Properties are selling within just 12 days on average, much faster than the historical norm of 69 days. A significant 27.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% 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 89.4. Looking ahead, the Tarrant market is expected to maintain its current trajectory with relatively stable conditions.
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