With only 1.5 months of inventory, Aurora remains a seller's market. Home prices have increased 47.2% in the past month alone. With only 23 active listings, inventory is 54% lower than typical for this time of year. Homes are now taking an average of 39 days to sell, significantly longer than the 24 days typical for this market. A significant 21.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Aurora market with the affordability index at 176.3. Based on current market indicators, home prices in Aurora are projected to decrease by approximately 17.7% over the next month.
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