The present housing market in Toledo is down with high active listings and low sales volume. Home prices have increased 73.3% in the past month alone. With 14 active listings, inventory is 133% higher than seasonal norms. Sales volume is down 75% compared to seasonal expectations. A significant 35.7% 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 Toledo market with the affordability index at 690.6. Based on current market indicators, home prices in Toledo are projected to decrease by approximately 17.4% over the next month.
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