West Dundee's real estate market is experiencing a price correction, with values down 5.8% from last year. Home prices have increased 19.7% in the past month alone. At the current pace, all available homes in West Dundee would sell out in just 1.5 months, indicating a continued supply shortage. Homes are taking about 41 days to sell, which is -1 days longer than this time last year. A significant 22.2% 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 West Dundee market with the affordability index at 186.0. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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