The present housing market in Saraland is down with high active listings and low sales volume. Home prices have increased 20.2% in the past month alone. With 4.0 months of supply, Saraland's inventory levels remain relatively tight. Sales volume is down 50% compared to seasonal expectations. A significant 40.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 30.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Saraland market with the affordability index at 122.9. Based on current market indicators, home prices in Saraland are projected to decrease by approximately 4.5% over the next month.
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