The Cottondale housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 7.9% in the past month. With 5 active listings, inventory is 400% higher than seasonal norms. Homes are taking about 64 days to sell, which is -3 days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Cottondale market with the affordability index at 469.5. Based on current market indicators, home prices in Cottondale are projected to increase by approximately 13.6% over the next month.
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