With only 2.6 months of inventory, Pelham remains a seller's market. Home prices have increased 11.3% in the past month alone. With 2.6 months of supply, Pelham's inventory levels remain relatively tight. Homes are taking about 63 days to sell, which is 18 days longer than this time last year. A significant 28.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 17.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Pelham market with the affordability index at 123.0. Based on current market indicators, home prices in Pelham are projected to decrease by approximately 16.6% over the next month.