Warren's real estate market is experiencing a price correction, with values down 34.4% from last year. Home prices have decreased 48.9% in the past month. With 3 active listings, inventory is 200% higher than seasonal norms. Homes are now taking an average of 63 days to sell, significantly longer than the 14 days typical for this market. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Warren market with the affordability index at 1571.2. Looking ahead, the Warren market is expected to maintain its current trajectory with relatively stable conditions.
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