With 7.5 months of inventory, Gulf Shores is currently in a buyer's market. Home prices have decreased 5.1% in the past month. With 7.5 months of supply, Gulf Shores's inventory levels remain relatively tight. Transaction volume is up 59% compared to what's typically expected this time of year. Only 4.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Gulf Shores market with the affordability index at 239.6. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
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