The housing market in Campbell continues to see strong price appreciation, with values up 60.4% compared to last year. Home prices have decreased 8.4% in the past month. With only 3 active listings, inventory is 63% lower than typical for this time of year. Homes are now taking an average of 117 days to sell, significantly longer than the 66 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Campbell market with the affordability index at 1084.5. Based on current market indicators, home prices in Campbell are projected to increase by approximately 5.2% over the next month.
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