The housing market in Scottsboro continues to see strong price appreciation, with values up 10.8% compared to last year. Home prices have decreased 6.5% in the past month. With 7.0 months of supply, Scottsboro's inventory levels remain relatively tight. Transaction volume is up 38% compared to what's typically expected this time of year. A significant 20.8% 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 Scottsboro market with the affordability index at 105.6. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
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