The housing market in Encinitas continues to see strong price appreciation, with values up 40.4% compared to last year. Home prices have decreased 6.5% in the past month. At the current pace, all available homes in Encinitas would sell out in just 1.8 months, indicating a continued supply shortage. Homes are taking about 40 days to sell, which is 5 days longer than this time last year. Approximately 18.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Encinitas market with the affordability index at 167.4. Based on current market indicators, home prices in Encinitas are projected to decrease by approximately 9.8% over the next month.
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