Clanton's real estate market is experiencing a price correction, with values down 12.9% from last year. Home prices have decreased 28.8% in the past month. With 5.0 months of supply, Clanton's inventory levels remain relatively tight. Homes are taking about 43 days to sell, which is -12 days longer than this time last year. A significant 46.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Clanton market with the affordability index at 175.6. Based on current market indicators, home prices in Clanton are projected to increase by approximately 14.8% over the next month.
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