The housing market in Cullman continues to see strong price appreciation, with values up 11.4% compared to last year. Home prices have increased 6.9% in the past month alone. With 3.1 months of supply, Cullman's inventory levels remain relatively tight. Transaction volume is up 38% compared to what's typically expected this time of year. A significant 33.6% 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 Cullman market with the affordability index at 113.2. Based on current market indicators, home prices in Cullman are projected to decrease by approximately 15.2% over the next month.