The housing market in Appalachia continues to see strong price appreciation, with values up 94.0% compared to last year. The median home price of $155,000 represents a substantial 94.0% increase from this time last year. With only 3 active listings, inventory is 57% lower than typical for this time of year. Homes are now taking an average of 52 days to sell, significantly longer than the 18 days typical for this market. A significant 66.7% 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 Appalachia market with the affordability index at 537.3. Based on current market indicators, home prices in Appalachia are projected to decrease by approximately 21.2% over the next month.
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