Brewton's real estate market is experiencing a price correction, with values down 70.0% from last year. Home prices have decreased 49.9% in the past month. With 18 active listings, inventory is 80% higher than seasonal norms. Transaction volume is up 200% compared to what's typically expected this time of year. A significant 38.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Brewton market with the affordability index at 113.8. Based on current market indicators, home prices in Brewton are projected to increase by approximately 17.9% over the next month.
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