The housing market in Homewood continues to see strong price appreciation, with values up 29.8% compared to last year. Home prices have increased 34.3% in the past month alone. With 2.1 months of supply, Homewood's inventory levels remain relatively tight. Properties are selling within just 7 days on average, much faster than the historical norm of 30 days. The majority of homes (58.8%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Homewood market with the affordability index at 134.3. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.