Greensburg's real estate market is currently hot with low inventory and high demand. Home prices have increased 55.9% in the past month alone. With 4.0 months of supply, Greensburg's inventory levels remain relatively tight. Homes are now taking an average of 214 days to sell, significantly longer than the 13 days typical for this market. A significant 25.0% 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 Greensburg market with the affordability index at 375.0. Based on current market indicators, home prices in Greensburg are projected to decrease by approximately 13.6% over the next month.
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