The housing market in St. Augustine continues to see strong price appreciation, with values up 32.8% compared to last year. Home prices have increased 3.8% in the past month alone. With 6.1 months of supply, St. Augustine's inventory levels remain relatively tight. Homes are now taking an average of 110 days to sell, significantly longer than the 67 days typical for this market. A significant 22.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 5.8% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the St. Augustine market with the affordability index at 175.4. Based on current market indicators, home prices in St. Augustine are projected to decrease by approximately 7.7% over the next month.