The present housing market in Timber Pines is down with high active listings and low sales volume. Home prices have decreased 3.7% in the past month. With 66 active listings, inventory is 89% higher than seasonal norms. Sales volume is down 38% compared to seasonal expectations. A significant 45.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 6.7% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Timber Pines market with the affordability index at 186.9. Based on current market indicators, home prices in Timber Pines are projected to decrease by approximately 16.9% over the next month.
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