With only 2.5 months of inventory, La Fayette remains a seller's market. Home prices have decreased 38.7% in the past month. With 2.5 months of supply, La Fayette's inventory levels remain relatively tight. Homes are taking about 85 days to sell, which is NaN days longer than this time last year. A significant 60.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the La Fayette market with the affordability index at 274.0. Based on current market indicators, home prices in La Fayette are projected to decrease by approximately 5.3% over the next month.
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