The present housing market in Weaver is down with high active listings and low sales volume. The median home price of $235,000 represents a substantial 71.0% increase from this time last year. With 6.0 months of supply, Weaver's inventory levels remain relatively tight. Homes are now taking an average of 74 days to sell, significantly longer than the 33 days typical for this market. A significant 27.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Weaver market with the affordability index at 705.7. Based on current market indicators, home prices in Weaver are projected to decrease by approximately 15.0% over the next month.
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