The housing market in Concord continues to see strong price appreciation, with values up 63.6% compared to last year. Home prices have increased 53.8% in the past month alone. With 9.0 months of supply, Concord's inventory levels remain relatively tight. Homes are now taking an average of 85 days to sell, significantly longer than the 19 days typical for this market. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Concord market with the affordability index at 1284.2. Based on current market indicators, home prices in Concord are projected to decrease by approximately 3.0% over the next month.
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