The housing market in Flat Rock continues to see strong price appreciation, with values up 12.2% compared to last year. Home prices have decreased 3.1% in the past month. At the current pace, all available homes in Flat Rock would sell out in just 0.9 months, indicating a continued supply shortage. Homes are now taking an average of 49 days to sell, significantly longer than the 8 days typical for this market. A significant 30.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 36.4% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Flat Rock market with the affordability index at 158.8. Based on current market indicators, home prices in Flat Rock are projected to decrease by approximately 15.9% over the next month.