South Greensburg's real estate market is experiencing a price correction, with values down 19.5% from last year. Home prices have decreased 9.2% in the past month. With 2.0 months of supply, South Greensburg's inventory levels remain relatively tight. Properties are selling within just 21 days on average, much faster than the historical norm of 49 days. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the South Greensburg market with the affordability index at 240.5. Based on current market indicators, home prices in South Greensburg are projected to increase by approximately 8.3% over the next month.
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