The housing market in Union City continues to see strong price appreciation, with values up 41.4% compared to last year. Home prices have decreased 5.6% in the past month. With 22 active listings, inventory is 144% higher than seasonal norms. Homes are taking about 16 days to sell, which is 3 days longer than this time last year. Only 9.1% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (57.1%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Union City market with the affordability index at 128.9. Based on current market indicators, home prices in Union City are projected to decrease by approximately 4.0% over the next month.
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