The Montevallo housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 18.0% in the past month. With 3.1 months of supply, Montevallo's inventory levels remain relatively tight. Transaction volume is up 60% compared to what's typically expected this time of year. A significant 44.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 37.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Montevallo market with the affordability index at 196.5. Looking ahead, the Montevallo market is expected to maintain its current trajectory with relatively stable conditions.