The housing market in Highland continues to see strong price appreciation, with values up 75.8% compared to last year. The median home price of $290,000 represents a substantial 75.8% increase from this time last year. With 4 active listings, inventory is 300% higher than seasonal norms. Properties are selling within just 47 days on average, much faster than the historical norm of 161 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Highland market with the affordability index at 2974.4. Based on current market indicators, home prices in Highland are projected to decrease by approximately 17.9% over the next month.
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