The housing market in Daphne continues to see strong price appreciation, with values up 10.4% compared to last year. Home prices have increased 11.6% in the past month alone. With 3.8 months of supply, Daphne's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is 8 days longer than this time last year. A significant 30.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 13.7% 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 111.6. Based on current market indicators, home prices in Daphne are projected to decrease by approximately 8.8% over the next month.