The Smith Valley housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 16.5% in the past month. With 3.8 months of supply, Smith Valley's inventory levels remain relatively tight. Homes are taking about 188 days to sell, which is 0 days longer than this time last year. Only 6.7% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Smith Valley market with the affordability index at 1231.1. Based on current market indicators, home prices in Smith Valley are projected to decrease by approximately 11.6% over the next month.