The housing market in Portola Valley continues to see strong price appreciation, with values up 21.8% compared to last year. Home prices have decreased 31.6% in the past month. With 4.0 months of supply, Portola Valley's inventory levels remain relatively tight. Sales volume is down 67% compared to seasonal expectations. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Portola Valley market with the affordability index at 5734.8. Based on current market indicators, home prices in Portola Valley are projected to increase by approximately 3.7% over the next month.