The present housing market in Jasper is down with high active listings and low sales volume. Home prices have increased 2.2% in the past month alone. With 3.6 months of supply, Jasper's inventory levels remain relatively tight. Homes are taking about 70 days to sell, which is -33 days longer than this time last year. A significant 37.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Jasper market with the affordability index at 89.3. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.