The housing market in Theodore continues to see strong price appreciation, with values up 31.6% compared to last year. Home prices have increased 5.0% in the past month alone. With 5.3 months of supply, Theodore's inventory levels remain relatively tight. Homes are now taking an average of 74 days to sell, significantly longer than the 11 days typical for this market. A significant 31.3% 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 Theodore market with the affordability index at 353.1. Looking ahead, the Theodore market is expected to maintain its current trajectory with relatively stable conditions.
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