The housing market in Centerville continues to see strong price appreciation, with values up 16.0% compared to last year. The median home price of $546,500 represents a substantial 16.0% increase from this time last year. With 29 active listings, inventory is 53% higher than seasonal norms. Transaction volume is up 38% compared to what's typically expected this time of year. A significant 27.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 18.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Centerville market with the affordability index at 184.6. Looking ahead, the Centerville market is expected to maintain its current trajectory with relatively stable conditions.
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