The housing market in Fayetteville continues to see strong price appreciation, with values up 29.9% compared to last year. Home prices have increased 43.4% in the past month alone. With 3.5 months of supply, Fayetteville's inventory levels remain relatively tight. Sales volume is down 50% compared to seasonal expectations. A significant 57.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Fayetteville market with the affordability index at 32.3. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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