The housing market in Pleasanton continues to see strong price appreciation, with values up 25.9% compared to last year. The median home price of $1,700,000 represents a substantial 25.9% increase from this time last year. With 28 active listings, inventory is 75% higher than seasonal norms. Homes are now taking an average of 29 days to sell, significantly longer than the 14 days typical for this market. A significant 32.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 24.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Pleasanton market with the affordability index at 122.2. Based on current market indicators, home prices in Pleasanton are projected to decrease by approximately 5.0% over the next month.
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