The present housing market in Alta is down with high active listings and low sales volume. The median home price of $2,950,000 represents a moderate 5.5% increase from this time last year. With 7 active listings, inventory is 600% higher than seasonal norms. Properties are selling within just 96 days on average, much faster than the historical norm of 4173 days. A significant 28.6% 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 Alta market with the affordability index at 41258.7. Based on current market indicators, home prices in Alta are projected to decrease by approximately 14.0% over the next month.