The Pahrump housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 8.1% in the past month alone. With 4.8 months of supply, Pahrump's inventory levels remain relatively tight. Homes are taking about 86 days to sell, which is 28 days longer than this time last year. A significant 22.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 12.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Pahrump market with the affordability index at 50.5. Based on current market indicators, home prices in Pahrump are projected to decrease by approximately 6.3% over the next month.