West Farmington's real estate market is experiencing a price correction, with values down 9.1% from last year. Home prices have decreased 74.1% in the past month. With 2.0 months of supply, West Farmington's inventory levels remain relatively tight. Homes are taking about 20 days to sell, which is -19 days longer than this time last year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the West Farmington market with the affordability index at 479.5. Based on current market indicators, home prices in West Farmington are projected to decrease by approximately 22.5% over the next month.
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