Cramerton's real estate market is experiencing a price correction, with values down 7.4% from last year. Home prices have increased 22.3% in the past month alone. With 3.2 months of supply, Cramerton's inventory levels remain relatively tight. Homes are taking about 76 days to sell, which is 14 days longer than this time last year. Only 9.4% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 30.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Cramerton market with the affordability index at 380.2. Looking ahead, the Cramerton market is expected to maintain its current trajectory with relatively stable conditions.
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