The present housing market in Harrisburg is down with high active listings and low sales volume. Home prices have decreased 79.2% in the past month. With 9 active listings, inventory is 125% higher than seasonal norms. Properties are selling within just 25 days on average, much faster than the historical norm of 125 days. A significant 33.3% 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 Harrisburg market with the affordability index at 236.0. Based on current market indicators, home prices in Harrisburg are projected to increase by approximately 9.6% over the next month.
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