The present housing market in Montevallo is down with high active listings and low sales volume. Home prices have increased 5.4% in the past month alone. With 29 active listings, inventory is 71% higher than seasonal norms. Sales volume is down 56% compared to seasonal expectations. A significant 41.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Montevallo market with the affordability index at 279.4. Based on current market indicators, home prices in Montevallo are projected to decrease by approximately 25.2% over the next month.