The housing market in West Hempstead continues to see strong price appreciation, with values up 14.1% compared to last year. Home prices have increased 4.8% in the past month alone. With 2.0 months of supply, West Hempstead's inventory levels remain relatively tight. Homes are now taking an average of 45 days to sell, significantly longer than the 20 days typical for this market. Only 8.3% of listings saw price reductions, suggesting sellers are confident in their pricing. The majority of homes (66.7%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the West Hempstead market with the affordability index at 251.3. Based on current market indicators, home prices in West Hempstead are projected to decrease by approximately 7.8% over the next month.
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