With only 0.4 months of inventory, Porter Heights remains a seller's market. Home prices have increased 6.2% in the past month alone. At the current pace, all available homes in Porter Heights would sell out in just 0.4 months, indicating a continued supply shortage. Homes are taking about 33 days to sell, which is -13 days longer than this time last year. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.8% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Porter Heights market with the affordability index at 1142.8. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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