Loxley's real estate market is experiencing a price correction, with values down 16.5% from last year. Home prices have increased 11.3% in the past month alone. At the current pace, all available homes in Loxley would sell out in just 1.9 months, indicating a continued supply shortage. Homes are now taking an average of 87 days to sell, significantly longer than the 44 days typical for this market. Only 9.1% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 13.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Loxley market with the affordability index at 700.5. Based on current market indicators, home prices in Loxley are projected to decrease by approximately 9.3% over the next month.