The housing market in Galt continues to see strong price appreciation, with values up 33.9% compared to last year. Home prices have increased 8.0% in the past month alone. With 2.6 months of supply, Galt's inventory levels remain relatively tight. Homes are now taking an average of 66 days to sell, significantly longer than the 11 days typical for this market. Approximately 18.8% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Galt market with the affordability index at 143.1. Based on current market indicators, home prices in Galt are projected to decrease by approximately 9.9% over the next month.
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