Fairhope's real estate market is experiencing a price correction, with values down 19.2% from last year. Home prices have decreased 5.7% in the past month. With 4.0 months of supply, Fairhope's inventory levels remain relatively tight. Homes are now taking an average of 102 days to sell, significantly longer than the 11 days typical for this market. A significant 75.0% 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 Fairhope market with the affordability index at 177.0. Based on current market indicators, home prices in Fairhope are projected to increase by approximately 111.7% over the next month.