The housing market in Malta continues to see strong price appreciation, with values up 21.5% compared to last year. Home prices have increased 65.2% in the past month alone. With 13 active listings, inventory is 160% higher than seasonal norms. Homes are now taking an average of 32 days to sell, significantly longer than the 4 days typical for this market. Only 7.7% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Malta market with the affordability index at 1458.5. Based on current market indicators, home prices in Malta are projected to decrease by approximately 5.2% over the next month.
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