The housing market in Springville continues to see strong price appreciation, with values up 10.1% compared to last year. Home prices have increased 28.8% in the past month alone. With 6.0 months of supply, Springville's inventory levels remain relatively tight. Homes are now taking an average of 175 days to sell, significantly longer than the 61 days typical for this market. A significant 27.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Springville market with the affordability index at 725.7. Based on current market indicators, home prices in Springville are projected to decrease by approximately 12.1% over the next month.