The housing market in Walbridge continues to see strong price appreciation, with values up 19.7% compared to last year. Home prices have increased 16.4% in the past month alone. With only 2 active listings, inventory is 60% lower than typical for this time of year. Homes are now taking an average of 93 days to sell, significantly longer than the 33 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Walbridge market with the affordability index at 305.9. Based on current market indicators, home prices in Walbridge are projected to decrease by approximately 9.9% over the next month.
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