The present housing market in Perth Amboy is down with high active listings and low sales volume. Home prices have decreased 17.2% in the past month. With 3.4 months of supply, Perth Amboy's inventory levels remain relatively tight. Homes are taking about 90 days to sell, which is 2 days longer than this time last year. The majority of homes (62.5%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Perth Amboy market with the affordability index at 56.9. Based on current market indicators, home prices in Perth Amboy are projected to decrease by approximately 10.6% over the next month.
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