Fort Payne's real estate market is experiencing a price correction, with values down 22.0% from last year. Home prices have decreased 18.1% in the past month. With 2.1 months of supply, Fort Payne's inventory levels remain relatively tight. Transaction volume is up 114% compared to what's typically expected this time of year. A significant 31.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 26.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Fort Payne market with the affordability index at 104.2. Based on current market indicators, home prices in Fort Payne are projected to decrease by approximately 3.2% over the next month.