With only 2.0 months of inventory, New Berlin remains a seller's market. Home prices have decreased 12.5% in the past month. With 2.0 months of supply, New Berlin's inventory levels remain relatively tight. Homes are taking about 180 days to sell, which is 0 days longer than this time last year. A significant 50.0% 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 New Berlin market with the affordability index at 3669.1. Looking ahead, the New Berlin market is expected to maintain its current trajectory with relatively stable conditions.
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