The Titusville housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 5.6% in the past month alone. With 3.6 months of supply, Titusville's inventory levels remain relatively tight. Homes are now taking an average of 74 days to sell, significantly longer than the 41 days typical for this market. A significant 23.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 6.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Titusville market with the affordability index at 30.1. Based on current market indicators, home prices in Titusville are projected to decrease by approximately 16.4% over the next month.
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