The Newville housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 31.4% in the past month. With 3.0 months of supply, Newville's inventory levels remain relatively tight. Homes are taking about 68 days to sell, which is NaN days longer than this time last year. A significant 66.7% 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 Newville market with the affordability index at 1463.4. Based on current market indicators, home prices in Newville are projected to decrease by approximately 12.8% over the next month.
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