The present housing market in Albertville is down with high active listings and low sales volume. Home prices have decreased 22.7% in the past month. With 3.9 months of supply, Albertville's inventory levels remain relatively tight. Homes are now taking an average of 79 days to sell, significantly longer than the 35 days typical for this market. A significant 22.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 7.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Albertville market with the affordability index at 55.5. Based on current market indicators, home prices in Albertville are projected to increase by approximately 3.2% over the next month.
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