With only 2.2 months of inventory, New Franklin remains a seller's market. Home prices have increased 20.5% in the past month alone. With 2.2 months of supply, New Franklin's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is 9 days longer than this time last year. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 44.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the New Franklin market with the affordability index at 94.8. Based on current market indicators, home prices in New Franklin are projected to decrease by approximately 3.8% over the next month.