With only 0.5 months of inventory, Lake Petersburg remains a seller's market. Home prices have decreased 11.1% in the past month. At the current pace, all available homes in Lake Petersburg would sell out in just 0.5 months, indicating a continued supply shortage. Homes are taking about 18 days to sell, which is 0 days longer than this time last year. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Lake Petersburg market with the affordability index at 2400.0. Based on current market indicators, home prices in Lake Petersburg are projected to decrease by approximately 10.8% over the next month.