Silverhill's real estate market is experiencing a price correction, with values down 7.0% from last year. Home prices have decreased 50.0% in the past month. With 3.0 months of supply, Silverhill's inventory levels remain relatively tight. Sales volume is down 67% compared to seasonal expectations. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Silverhill market with the affordability index at 2711.0. Based on current market indicators, home prices in Silverhill are projected to increase by approximately 13.5% over the next month.
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