Muscle Shoals's real estate market is experiencing a price correction, with values down 10.9% from last year. Home prices have decreased 7.2% in the past month. With 5.1 months of supply, Muscle Shoals's inventory levels remain relatively tight. Homes are taking about 46 days to sell, which is -23 days longer than this time last year. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Muscle Shoals market with the affordability index at 142.9. Based on current market indicators, home prices in Muscle Shoals are projected to decrease by approximately 13.5% over the next month.
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