The housing market in Smoke Rise continues to see strong price appreciation, with values up 22.9% compared to last year. The median home price of $350,000 represents a substantial 22.9% increase from this time last year. With 5.0 months of supply, Smoke Rise's inventory levels remain relatively tight. Homes are now taking an average of 160 days to sell, significantly longer than the 47 days typical for this market. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Smoke Rise market with the affordability index at 2413.8. Looking ahead, the Smoke Rise market is expected to maintain its current trajectory with relatively stable conditions.
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