The housing market in Wells River continues to see strong price appreciation, with values up 57.9% compared to last year. Home prices have increased 9.8% in the past month alone. At the current pace, all available homes in Wells River would sell out in just 0.8 months, indicating a continued supply shortage. Homes are now taking an average of 133 days to sell, significantly longer than the 3 days typical for this market. A significant 33.3% 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 Wells River market with the affordability index at 5005.5. Based on current market indicators, home prices in Wells River are projected to increase by approximately 5.4% over the next month.