The housing market in Isle of Hope continues to see strong price appreciation, with values up 59.7% compared to last year. Home prices have increased 41.4% in the past month alone. With 2.3 months of supply, Isle of Hope's inventory levels remain relatively tight. Properties are selling within just 3 days on average, much faster than the historical norm of 56 days. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Isle of Hope market with the affordability index at 2428.4. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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