West Nyack's real estate market is experiencing a price correction, with values down 20.4% from last year. Home prices have decreased 3.3% in the past month. With 5 active listings, inventory is 150% higher than seasonal norms. Homes are taking about 31 days to sell, which is -7 days longer than this time last year. A significant 40.0% 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 Nyack market with the affordability index at 743.1. Based on current market indicators, home prices in West Nyack are projected to increase by approximately 3.6% over the next month.
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