The present housing market in Paulsboro is down with high active listings and low sales volume. Home prices have increased 46.3% in the past month alone. With 23 active listings, inventory is 53% higher than seasonal norms. Properties are selling within just 20 days on average, much faster than the historical norm of 41 days. A significant 26.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (60.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Paulsboro market with the affordability index at 228.1. Based on current market indicators, home prices in Paulsboro are projected to decrease by approximately 13.0% over the next month.
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