The housing market in Little Ferry continues to see strong price appreciation, with values up 28.9% compared to last year. Home prices have decreased 13.1% in the past month. With 17 active listings, inventory is 143% higher than seasonal norms. Homes are now taking an average of 124 days to sell, significantly longer than the 69 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 37.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Little Ferry market with the affordability index at 298.3. Based on current market indicators, home prices in Little Ferry are projected to decrease by approximately 14.1% over the next month.
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