The housing market in Madeira continues to see strong price appreciation, with values up 15.9% compared to last year. Home prices have decreased 25.5% in the past month. With 2.6 months of supply, Madeira's inventory levels remain relatively tight. Homes are now taking an average of 98 days to sell, significantly longer than the 5 days typical for this market. A significant 27.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 42.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Madeira market with the affordability index at 299.7. Based on current market indicators, home prices in Madeira are projected to decrease by approximately 5.9% over the next month.