With only 1.4 months of inventory, Loxley remains a seller's market. Home prices have decreased 14.6% in the past month. At the current pace, all available homes in Loxley would sell out in just 1.4 months, indicating a continued supply shortage. Transaction volume is up 53% compared to what's typically expected this time of year. A significant 31.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 17.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Loxley market with the affordability index at 916.6. Based on current market indicators, home prices in Loxley are projected to increase by approximately 10.8% over the next month.
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