Daphne's real estate market is currently hot with low inventory and high demand. The median home price has fallen to $163,750, a significant 44.1% decrease year-over-year. With 4.5 months of supply, Daphne's inventory levels remain relatively tight. Homes are now taking an average of 118 days to sell, significantly longer than the 23 days typical for this market. A significant 22.2% 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 Daphne market with the affordability index at 101.5. Based on current market indicators, home prices in Daphne are projected to increase by approximately 112.2% over the next month.
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