Citronelle's real estate market is experiencing a price correction, with values down 12.3% from last year. Home prices have decreased 24.5% in the past month. With 3.0 months of supply, Citronelle's inventory levels remain relatively tight. Homes are now taking an average of 24 days to sell, significantly longer than the 13 days typical for this market. A significant 25.0% 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 Citronelle market with the affordability index at 341.0. Based on current market indicators, home prices in Citronelle are projected to increase by approximately 13.7% over the next month.
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