Adrian's real estate market is experiencing a price correction, with values down 64.2% from last year. The median home price has fallen to $146,000, a significant 64.2% decrease year-over-year. With 3.0 months of supply, Adrian's inventory levels remain relatively tight. Properties are selling within just 21 days on average, much faster than the historical norm of 111 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Adrian market with the affordability index at 339.9. Based on current market indicators, home prices in Adrian are projected to increase by approximately 6.7% over the next month.
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