The housing market in Opelika continues to see strong price appreciation, with values up 50.4% compared to last year. Home prices have increased 59.6% in the past month alone. With 6.0 months of supply, Opelika's inventory levels remain relatively tight. Sales volume is down 67% compared to seasonal expectations. A significant 22.2% 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 Opelika market with the affordability index at 87.0. Based on current market indicators, home prices in Opelika are projected to decrease by approximately 14.9% over the next month.
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