Los Altos Hills's real estate market is experiencing a price correction, with values down 10.5% from last year. Home prices have increased 4.8% in the past month alone. With 3.5 months of supply, Los Altos Hills's inventory levels remain relatively tight. Homes are taking about 12 days to sell, which is 0 days longer than this time last year. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Los Altos Hills market with the affordability index at 3861.1. Based on current market indicators, home prices in Los Altos Hills are projected to decrease by approximately 8.7% over the next month.
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