Wixom's real estate market is currently hot with low inventory and high demand. Home prices have increased 31.5% in the past month alone. At the current pace, all available homes in Wixom would sell out in just 1.1 months, indicating a continued supply shortage. Transaction volume is up 56% compared to what's typically expected this time of year. A significant 66.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 28.6% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Wixom market with the affordability index at 149.9. Based on current market indicators, home prices in Wixom are projected to decrease by approximately 16.8% over the next month.