With only 2.8 months of inventory, Altoona remains a seller's market. Home prices have increased 15.4% in the past month alone. With 2.8 months of supply, Altoona's inventory levels remain relatively tight. Homes are taking about 28 days to sell, which is 4 days longer than this time last year. A significant 23.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 13.9% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Altoona market with the affordability index at 12.5. Based on current market indicators, home prices in Altoona are projected to increase by approximately 4.6% over the next month.