The housing market in Redmond continues to see strong price appreciation, with values up 21.8% compared to last year. Home prices have increased 44.9% in the past month alone. With 2.7 months of supply, Redmond's inventory levels remain relatively tight. Homes are now taking an average of 35 days to sell, significantly longer than the 7 days typical for this market. A significant 55.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 21.1% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Redmond market with the affordability index at 125.0. Based on current market indicators, home prices in Redmond are projected to increase by approximately 14.0% over the next month.