The housing market in Munnsville continues to see strong price appreciation, with values up 45.9% compared to last year. Home prices have increased 85.7% in the past month alone. At the current pace, all available homes in Munnsville would sell out in just 1.0 months, indicating a continued supply shortage. Homes are now taking an average of 51 days to sell, significantly longer than the 5 days typical for this market. A significant 50.0% 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 Munnsville market with the affordability index at 2876.8. Based on current market indicators, home prices in Munnsville are projected to decrease by approximately 5.9% over the next month.
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