With only 2.0 months of inventory, Petrolia remains a seller's market. The median home price in Petrolia currently stands at $159,900. With 2.0 months of supply, Petrolia's inventory levels remain relatively tight. Homes are taking about 171 days to sell, which is 0 days longer than this time last year. A significant 50.0% 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 Petrolia market with the affordability index at 1665.6. Based on current market indicators, home prices in Petrolia are projected to decrease by approximately 14.9% over the next month.