The housing market in West Slope continues to see strong price appreciation, with values up 48.3% compared to last year. Home prices have increased 74.2% in the past month alone. With 2.5 months of supply, West Slope's inventory levels remain relatively tight. Properties are selling within just 20 days on average, much faster than the historical norm of 49 days. A significant 30.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the West Slope market with the affordability index at 706.0. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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