The housing market in Newfield continues to see strong price appreciation, with values up 101.9% compared to last year. Home prices have increased 94.8% in the past month alone. With 11 active listings, inventory is 450% higher than seasonal norms. Homes are taking about 102 days to sell, which is -5 days longer than this time last year. A significant 27.3% 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 Newfield market with the affordability index at 2340.9. Based on current market indicators, home prices in Newfield are projected to decrease by approximately 19.0% over the next month.