The housing market in Prichard continues to see strong price appreciation, with values up 293.9% compared to last year. Home prices have increased 110.5% in the past month alone. With 8.8 months of supply, Prichard's inventory levels remain relatively tight. Homes are taking about 209 days to sell, which is 53 days longer than this time last year. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Prichard market with the affordability index at 46.4. Looking ahead, the Prichard market is expected to maintain its current trajectory with relatively stable conditions.
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