The housing market in Lula continues to see strong price appreciation, with values up 21.6% compared to last year. Home prices have decreased 4.6% in the past month. At the current pace, all available homes in Lula would sell out in just 1.7 months, indicating a continued supply shortage. Properties are selling within just 21 days on average, much faster than the historical norm of 84 days. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Lula market with the affordability index at 626.7. Based on current market indicators, home prices in Lula are projected to decrease by approximately 3.3% over the next month.