Gurley's real estate market is experiencing a price correction, with values down 64.8% from last year. The median home price has fallen to $184,950, a significant 64.8% decrease year-over-year. At the current pace, all available homes in Gurley would sell out in just 1.5 months, indicating a continued supply shortage. Homes are now taking an average of 212 days to sell, significantly longer than the 68 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Gurley market with the affordability index at 2248.6. Based on current market indicators, home prices in Gurley are projected to increase by approximately 16.7% over the next month.
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