With only 2.5 months of inventory, Rainsville remains a seller's market. Home prices have increased 22.4% in the past month alone. With 2.5 months of supply, Rainsville's inventory levels remain relatively tight. Homes are now taking an average of 107 days to sell, significantly longer than the 43 days typical for this market. A significant 28.6% 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 Rainsville market with the affordability index at 317.2. Based on current market indicators, home prices in Rainsville are projected to increase by approximately 10.0% over the next month.
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