The present housing market in West Jefferson is down with high active listings and low sales volume. Home prices have decreased 12.2% in the past month. With 9 active listings, inventory is 800% higher than seasonal norms. Homes are now taking an average of 62 days to sell, significantly longer than the 32 days typical for this market. A significant 22.2% 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 West Jefferson market with the affordability index at 247.0. Looking ahead, the West Jefferson market is expected to maintain its current trajectory with relatively stable conditions.
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