The housing market in Pittsfield continues to see strong price appreciation, with values up 15.0% compared to last year. Home prices have increased 15.9% in the past month alone. At the current pace, all available homes in Pittsfield would sell out in just 1.4 months, indicating a continued supply shortage. Homes are taking about 23 days to sell, which is -4 days longer than this time last year. A significant 21.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (52.4%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Pittsfield market with the affordability index at 32.6. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.