Penn Wynne's real estate market is experiencing a price correction, with values down 16.0% from last year. Home prices have decreased 2.0% in the past month. At the current pace, all available homes in Penn Wynne would sell out in just 0.6 months, indicating a continued supply shortage. Homes are taking about 17 days to sell, which is -10 days longer than this time last year. The majority of homes (75.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Penn Wynne market with the affordability index at 659.5. Based on current market indicators, home prices in Penn Wynne are projected to decrease by approximately 25.8% over the next month.
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