With only 2.2 months of inventory, Powder Springs remains a seller's market. Home prices have increased 15.7% in the past month alone. With 101 active listings, inventory is 60% higher than seasonal norms. Transaction volume is up 88% compared to what's typically expected this time of year. A significant 23.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 22.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Powder Springs market with the affordability index at 122.5. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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