Bayou La Batre's real estate market is experiencing a price correction, with values down 42.0% from last year. Home prices have decreased 43.4% in the past month. At the current pace, all available homes in Bayou La Batre would sell out in just 1.3 months, indicating a continued supply shortage. Properties are selling within just 46 days on average, much faster than the historical norm of 94 days. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Bayou La Batre market with the affordability index at 200.4. Based on current market indicators, home prices in Bayou La Batre are projected to increase by approximately 25.2% over the next month.
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