The housing market in Los Altos continues to see strong price appreciation, with values up 44.4% compared to last year. Home prices have increased 16.5% in the past month alone. At the current pace, all available homes in Los Altos would sell out in just 0.7 months, indicating a continued supply shortage. Transaction volume is up 31% compared to what's typically expected this time of year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (58.8%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Los Altos market with the affordability index at 930.2. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.