With only 2.0 months of inventory, Cumberland City remains a seller's market. Home prices have increased 44.5% in the past month alone. With 2.0 months of supply, Cumberland City's inventory levels remain relatively tight. Homes are taking about 3 days to sell, which is 0 days longer than this time last year. A significant 50.0% 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 Cumberland City market with the affordability index at 6379.3. Based on current market indicators, home prices in Cumberland City are projected to decrease by approximately 13.7% over the next month.
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