The housing market in Menlo continues to see strong price appreciation, with values up 55.0% compared to last year. Home prices have increased 26.8% in the past month alone. At the current pace, all available homes in Menlo would sell out in just 1.0 months, indicating a continued supply shortage. Homes are now taking an average of 323 days to sell, significantly longer than the 56 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Menlo market with the affordability index at 2491.3. Looking ahead, the Menlo market is expected to maintain its current trajectory with relatively stable conditions.