The housing market in Pleasant Grove continues to see strong price appreciation, with values up 11.7% compared to last year. Home prices have increased 47.6% in the past month alone. With 2.9 months of supply, Pleasant Grove's inventory levels remain relatively tight. Homes are taking about 77 days to sell, which is -5 days longer than this time last year. Approximately 35.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Pleasant Grove market with the affordability index at 128.8. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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