The present housing market in Helena is down with high active listings and low sales volume. The median home price has fallen to $294,750, a significant 20.0% decrease year-over-year. With 6.5 months of supply, Helena's inventory levels remain relatively tight. Sales volume is down 60% compared to seasonal expectations. A significant 23.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Helena market with the affordability index at 60.7. Based on current market indicators, home prices in Helena are projected to increase by approximately 57.1% over the next month.