The housing market in Rogersville continues to see strong price appreciation, with values up 58.6% compared to last year. Home prices have increased 26.2% in the past month alone. At the current pace, all available homes in Rogersville would sell out in just 1.2 months, indicating a continued supply shortage. Properties are selling within just 35 days on average, much faster than the historical norm of 2300 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Rogersville market with the affordability index at 1263.2. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
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