Hillsborough's real estate market is currently hot with low inventory and high demand. Home prices have decreased 32.9% in the past month. With 2.3 months of supply, Hillsborough's inventory levels remain relatively tight. Transaction volume is up 100% compared to what's typically expected this time of year. Only 7.1% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Hillsborough market with the affordability index at 2604.7. Based on current market indicators, home prices in Hillsborough are projected to increase by approximately 9.9% over the next month.
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