The housing market in Selma continues to see strong price appreciation, with values up 25.7% compared to last year. Home prices have increased 456.9% in the past month alone. At the current sales pace, it would take over 11.0 months to sell all available homes in Selma, indicating an oversupplied market. Homes are now taking an average of 79 days to sell, significantly longer than the 42 days typical for this market. A significant 25.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Selma market with the affordability index at 27.0. Based on current market indicators, home prices in Selma are projected to decrease by approximately 11.4% over the next month.