Lanett's real estate market is experiencing a price correction, with values down 36.1% from last year. Home prices have decreased 18.3% in the past month. With 4.5 months of supply, Lanett's inventory levels remain relatively tight. Homes are now taking an average of 82 days to sell, significantly longer than the 23 days typical for this market. A significant 22.2% 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 Lanett market with the affordability index at 115.4. Looking ahead, the Lanett market is expected to maintain its current trajectory with relatively stable conditions.