With only 0.7 months of inventory, Pacifica remains a seller's market. Home prices have increased 7.8% in the past month alone. At the current pace, all available homes in Pacifica would sell out in just 0.7 months, indicating a continued supply shortage. Homes are taking about 33 days to sell, which is 4 days longer than this time last year. Approximately 42.1% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Pacifica market with the affordability index at 179.5. Based on current market indicators, home prices in Pacifica are projected to decrease by approximately 19.8% over the next month.
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