With only 1.6 months of inventory, Vance remains a seller's market. Home prices have decreased 3.0% in the past month. At the current pace, all available homes in Vance would sell out in just 1.6 months, indicating a continued supply shortage. Homes are now taking an average of 76 days to sell, significantly longer than the 10 days typical for this market. A significant 30.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Vance market with the affordability index at 1785.3. Based on current market indicators, home prices in Vance are projected to decrease by approximately 9.6% over the next month.