The housing market in Silverton continues to see strong price appreciation, with values up 16.3% compared to last year. Home prices have increased 4.0% in the past month alone. At the current pace, all available homes in Silverton would sell out in just 1.7 months, indicating a continued supply shortage. Homes are taking about 37 days to sell, which is -1 days longer than this time last year. A significant 40.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Silverton market with the affordability index at 356.7. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.