With only 0.3 months of inventory, Florence remains a seller's market. Home prices have increased 29.1% in the past month alone. At the current pace, all available homes in Florence would sell out in just 0.3 months, indicating a continued supply shortage. Homes are taking about 5 days to sell, which is NaN days longer than this time last year. A significant 100.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Florence market with the affordability index at 38.7. Based on current market indicators, home prices in Florence are projected to decrease by approximately 15.1% over the next month.