Albertville's real estate market is experiencing a price correction, with values down 5.7% from last year. Home prices have increased 3.1% in the past month alone. With 2.9 months of supply, Albertville's inventory levels remain relatively tight. Homes are taking about 43 days to sell, which is 0 days longer than this time last year. A significant 28.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 15.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Albertville market with the affordability index at 90.5. Looking ahead, the Albertville market is expected to maintain its current trajectory with relatively stable conditions.
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