Lillington's real estate market is experiencing a price correction, with values down 9.1% from last year. Home prices have decreased 8.1% in the past month. At the current pace, all available homes in Lillington would sell out in just 1.6 months, indicating a continued supply shortage. Homes are now taking an average of 91 days to sell, significantly longer than the 21 days typical for this market. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Lillington market with the affordability index at 642.2. Based on current market indicators, home prices in Lillington are projected to increase by approximately 12.6% over the next month.
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