Gardnerville's real estate market is currently hot with low inventory and high demand. Home prices have decreased 13.3% in the past month. With 3.3 months of supply, Gardnerville's inventory levels remain relatively tight. Homes are now taking an average of 73 days to sell, significantly longer than the 16 days typical for this market. A significant 30.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Gardnerville market with the affordability index at 352.7. Based on current market indicators, home prices in Gardnerville are projected to decrease by approximately 9.6% over the next month.