The housing market in Hopkins continues to see strong price appreciation, with values up 16.8% compared to last year. Home prices have increased 4.4% in the past month alone. With 12 active listings, inventory is 100% higher than seasonal norms. Properties are selling within just 10 days on average, much faster than the historical norm of 26 days. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Hopkins market with the affordability index at 133.9. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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