With only 0.3 months of inventory, Sutherland remains a seller's market. Home prices have increased 29.1% in the past month alone. At the current pace, all available homes in Sutherland would sell out in just 0.3 months, indicating a continued supply shortage. Homes are taking about 14 days to sell, which is 0 days longer than this time last year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Sutherland market with the affordability index at 703.5. Based on current market indicators, home prices in Sutherland are projected to decrease by approximately 5.2% over the next month.
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