The housing market in Welaka continues to see strong price appreciation, with values up 43.8% compared to last year. Home prices have increased 104.6% in the past month alone. With 19 active listings, inventory is 375% higher than seasonal norms. Transaction volume is up 300% compared to what's typically expected this time of year. A significant 21.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Welaka market with the affordability index at 1061.8. Based on current market indicators, home prices in Welaka are projected to decrease by approximately 6.6% over the next month.