With only 2.7 months of inventory, Palmdale remains a seller's market. The median home price of $525,000 represents a moderate 9.4% increase from this time last year. With 2.7 months of supply, Palmdale's inventory levels remain relatively tight. Homes are now taking an average of 54 days to sell, significantly longer than the 30 days typical for this market. Approximately 49.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Palmdale market with the affordability index at 24.6. Based on current market indicators, home prices in Palmdale are projected to decrease by approximately 4.7% over the next month.
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