The housing market in Montgomery continues to see strong price appreciation, with values up 14.6% compared to last year. Home prices have decreased 29.1% in the past month. With 4.0 months of supply, Montgomery's inventory levels remain relatively tight. Homes are taking about 62 days to sell, which is 4 days longer than this time last year. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Montgomery market with the affordability index at 7.1. Based on current market indicators, home prices in Montgomery are projected to increase by approximately 60.7% over the next month.
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