With only 2.6 months of inventory, Foley remains a seller's market. The median home price in Foley currently stands at $329,308. With 2.6 months of supply, Foley's inventory levels remain relatively tight. Homes are taking about 53 days to sell, which is 4 days longer than this time last year. A significant 32.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 9.8% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Foley market with the affordability index at 110.5. Looking ahead, the Foley market is expected to maintain its current trajectory with relatively stable conditions.
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