The housing market in Hialeah continues to see strong price appreciation, with values up 17.6% compared to last year. Home prices have increased 12.8% in the past month alone. With 5.9 months of supply, Hialeah's inventory levels remain relatively tight. Homes are taking about 60 days to sell, which is 11 days longer than this time last year. Only 7.2% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hialeah market with the affordability index at 12.7. Based on current market indicators, home prices in Hialeah are projected to decrease by approximately 5.8% over the next month.