Harpersville's real estate market is experiencing a price correction, with values down 6.5% from last year. The median home price in Harpersville currently stands at $270,000. With only 6 active listings, inventory is 65% lower than typical for this time of year. Sales volume is down 73% compared to seasonal expectations. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Harpersville market with the affordability index at 1328.4. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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