With only 0.5 months of inventory, Albion remains a seller's market. Home prices have increased 5.6% in the past month alone. At the current pace, all available homes in Albion would sell out in just 0.5 months, indicating a continued supply shortage. Homes are taking about 213 days to sell, which is 0 days longer than this time last year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Albion market with the affordability index at 2975.4. Based on current market indicators, home prices in Albion are projected to decrease by approximately 8.3% over the next month.
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