The housing market in Hoover continues to see strong price appreciation, with values up 19.7% compared to last year. Home prices have increased 22.0% in the past month alone. With 5.3 months of supply, Hoover's inventory levels remain relatively tight. Sales volume is down 75% compared to seasonal expectations. Only 6.3% 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 Hoover market with the affordability index at 43.7. Based on current market indicators, home prices in Hoover are projected to increase by approximately 114.1% over the next month.