The housing market in Decatur continues to see strong price appreciation, with values up 23.3% compared to last year. Home prices have increased 9.7% in the past month alone. With 5.2 months of supply, Decatur's inventory levels remain relatively tight. Homes are taking about 43 days to sell, which is -6 days longer than this time last year. A significant 28.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 22.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Decatur market with the affordability index at 23.4. Based on current market indicators, home prices in Decatur are projected to decrease by approximately 6.8% over the next month.