With only 1.7 months of inventory, Sylvan Springs remains a seller's market. The median home price in Sylvan Springs currently stands at $220,000. At the current pace, all available homes in Sylvan Springs would sell out in just 1.7 months, indicating a continued supply shortage. Homes are taking about 56 days to sell, which is NaN days longer than this time last year. A significant 40.0% 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 Sylvan Springs market with the affordability index at 1176.5. Based on current market indicators, home prices in Sylvan Springs are projected to decrease by approximately 8.3% over the next month.
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